Yes. Many people run separate portfolios for separate goals — one for retirement, one for a house deposit, one thematic.
Two things to know before you do:
- Each portfolio needs its own minimum funding to count as active. A portfolio below the activation threshold sits inactive.
- Fees change once you hold multiple active portfolios. A monthly minimum fee applies across your holdings once you have more than one active funded portfolio, whichever is higher between that minimum and the percentage fee. See the fees question for how this is calculated.
For small balances, one portfolio is usually more cost-efficient than three.