Bringing you live news and features since 2006 

Moneyfarm reports 16 per cent month-on-month growth


Digital wealth manager Moneyfarm has seen 16 per cent month-on-month average growth since launching in the UK a year ago.

Since arriving in the UK, the firm has doubled its number of employees and now has an 80-strong team.
Most recently, Scott Gallacher joined the team as chief commercial officer, following the appointment in December of Paolo Savini Nicci as chief financial officer and Richard Flax as chief investment officer.
Gallacher joins Moneyfarm with over 20 years of experience. Working with the likes of Facebook, Sky and American Express, he has helped to grow some of the world’s best-known brands. He is responsible for ensuring that the consumer remains at the heart of everything as the company enters its next phase of growth.
Moneyfarm’s customers, which have grown by close to 150 per cent over the last year, are each aligned with an investment portfolio based on their investor profile. The model portfolios on which these are based have all enjoyed positive performance since launch – ranging from 4.7 to 21.5 per cent. The balanced portfolio achieved 15.7 per cent compared to the ARC benchmark which achieved 10.9 per cent with a comparable risk profile.
In September 2016, Moneyfarm announced a strategic investment from Allianz.
Moneyfarm has since partnered with global money app Revolut, creating an offer that activated users across both platforms.
Last week it announced a new partnership with ride-hailing app Uber which will provide its partner-drivers access to pension and ISA products for the first time in the UK.

Latest News

Just the two European launches this week with Fidelity bringing us a global government bond climate aware UCITS ETF and..
Ten new ETF solutions were launched for the week, each with a distinct value proposition for investors.  Detailed below are..
U.S. Bank has announced the launch of their new ETF services in Europe, as well as their first client for..
ETF data providers ETFGI has reported that the ETFs industry in the United States gathered net inflows of USD8.17 billion..

Related Articles

ETF Awards
We are very pleased to bring you the winners in the 13th outing of the ETF Express European ETF Awards,...
Off the Record Episode 1
ETF Express is pleased to announce the launch of Off the Record, a new podcast series, in partnership with Truss...
February ETF flow figures from iShares at BlackRock reveal that inflows into global ETPs were moderate for a fifth consecutive...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by