Autopilot

Repeating investments help you automate investing in your portfolio every month. This process (aka dollar-cost averaging - DCA) allows you to consistently build wealth and navigate the ups and downs of the markets.

When activated, a repeating investment is placed once a month as a "Portfolio Buy" order, based on your "Target Portfolio" or your current holdings. You simply decide how much you want to invest and the bank account you want to use.

The repeating investment takes place on the date you define. For example, if you set it up for the 15th of the month, the repeating investment will occur on the 15th of each subsequent month for as long as it is activated.

You can manage your repeating investment from Wealthyhood’s Autopilot section.

Repeating Investments are set up to occur once a month. You can define the exact date of the month you want your Repeating Investment to take place. If you do not pick a date, the default date will be the one you set it up.

You can always change the date of your repeating investment from Wealthyhood’s Autopilot section.

Yes, repeating Investments are processed through Direct Debit funding. If you choose to set up a repeating investment, you will need to set up a Direct Debit mandate through the Wealthyhood app. The cash will be collected under this Direct Debit mandate by a third-party payment services provider we partner with.

You can always cancel your Direct Debit mandate either from your Wealthyhood app or your banking app.

If there are insufficient funds in your bank account on the date of your repeating investment, the repeating investment will be skipped for that month, but future investments will continue as scheduled.

No, you can only have one active Repeating Investment at a time.

The minimum repeating investment is £50 per month.

Repeating investments are processed through Direct Debit funding. Direct Debit has a specific schedule, which, unfortunately, is not controlled by us, but it is in place to ensure a compliant and secure flow of funds.

The schedule of your Direct Debit looks as follows:

• Your bank account will be charged on the day of the month you set up your repeating investment.
• Due to Direct Debit timings, it usually takes 3 to 4 business days for your money to land at Wealthyhood after it leaves your bank accounts.
• Once your money lands at Wealthyhood, it may take up to a day for your deposit to be reconciled and your order to be placed.

Portfolio rebalancing helps you maintain the asset allocation in your Target Portfolio by adjusting your holdings.

If activated, automated rebalancing will take place on the first Monday of the month, placing buy and sell orders to get your holdings back to your target portfolio.

The rebalancing process lasts for two consecutive trading sessions. First, overweight assets are sold, and then, the proceedings are used to buy underweight assets. Keep in mind that you cannot sell any of your holdings until the process is completed. You can always change your target portfolio allocation from your Target tab.

For example, suppose your target portfolio allocation is:

• 60% stocks
• 30% bonds
• 10% gold

After market fluctuations, your allocation shifts to 70% stocks, 20% bonds, and 10% gold, with a total portfolio value of $10,000. The automated rebalancing process starts on the first Monday of the month:

• It sells $1,000 worth of stocks, reducing their allocation to 60%.
• Then it uses the proceeds to buy bonds, increasing their allocation to 30%.
• The gold allocation remains at 10%.

Automated rebalancing will only take place if you have holdings in your portfolio.

No, automated rebalancing does not take market conditions into account. As a result, you may experience capital gains or losses during the process.

Yes, you can deactivate automated rebalancing through the Autopilot section of your Wealthyhood app before 12 pm on the day it is scheduled to occur.

No, you cannot sell assets during the rebalancing process, but you can still buy assets, deposit, and withdraw any cash in your Wealthyhood balance.