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US investment giant Vanguard aims to shake up the financial advice market with the launch of a cut-price service tomorrow. Already known for low fees for its funds, which track markets rather than using skilled managers to pick investments, Vanguard will charge 0.79 per cent a year for financial advice – including the cost of the investment funds and platform fee. The move could send shockwaves through an industry where the fees of fund managers and financial advisers often add up to more than double this. Cut-price financial advice: US investment giant Vanguard will charge customers 0.79%...

Here, we ask the experts what you want to know... Start small: If you're looking to pick your own stocks and bonds, online platforms usually allow you to start with about £100, while monthly direct debits can start from £25 Q. What is the minimum amount of money you can invest in a stocks and shares Isa - either as a lump sum or regular top-up - and still have a balanced portfolio? R. B., via email. A. Kat Mann, from investment management service Nutmeg, says: 'It is a common misconception that you need a large sum of money to start investing.

Good financial advice can be life changing, so here are six ways to get your own personal financial adviser at low cost Just 8% of adults took financial advice in the last year as they are put off by fees  However you can cut the costs by doing much of the legwork yourself  There are also a new swathe of 'robo-advisers' and support is often available free