As a wealth manager, your trust in us is everything, allowing us to grow and evolve, offering you the best service. We’re excited to share that, thanks to you, we’ve hit another incredible milestone, surpassing £4 billion in total assets, showing continued year on year growth as reported by City AM here.
Moneyfarm Group’s total assets in the first half of this year grew by 51% compared to the same period last year.
More than 130,000 clients chose to invest with us to achieve their financial goals with confidence and peace of mind.
This milestone is a testament to the confidence more and more investors have in us, especially through a time that has seen no shortage of market challenges.
Relationships are our key asset
In the first half of this year our clients had 120,000 one-to-one interactions with our Investment Advisory Team —a 70% increase compared to the same period last year. With over 12,000 appointments requested, it’s clear that many of you appreciate our personalised guidance on your investment journey whether it’s through phone calls, video chats, emails, or our handy chat service.
Moneyfarm’s purpose is to make finance simple and accessible by combining smart technology and human expertise to help investors build their wealth, together. We constantly talk to our clients and even those who felt confident in their investment knowledge didn’t feel equipped to navigate the array of investment options that are available today. That is why it is so important for us to be by the side of our customers on their investing journey working with them to grow and manage their wealth, together. —Giovanni Daprà, Co-founder & CEO
We love hearing your feedback: as we approach 1,300 reviews on Trustpilot, we have maintained an ‘Excellent’ score of 4.3, far above the industry standard of 2.9 for the Investment Service category. We are extremely grateful and want to say thank you to every client who has taken the time to review our service.
Expanding our offerings to become your total wealth partner
Our brand-new Find, Check & Transfer pensions service allows clients to locate old pension schemes, and check for any benefits or penalties before transferring them into one new personalised plan, tailored to the client’s investment goals —and it’s free of charge. This service is helping unlock the missing £26.6 billion in pension assets in the UK. Watch our informative video for a closer look.
We are incredibly proud to launch the Find, Check & Transfer Service for our clients. This tool simplifies the admin-heavy task of helping individuals reconnect with their lost pension pots, ensuring they can make informed decisions about their retirement planning. Despite the substantial sums at stake, only 4 percent of people instinctively inform their pension provider when they change address, compared to 66 percent who notify their bank and 89 percent who update their GP or dentist. These figures underscore the systemic issues within the UK pension market, highlighting our mission to help individuals reclaim their pensions and plan their financial futures effectively.” —Stephen Mark Jones, Product Manager
Also, with Share Investing, our new DIY investing service, we allowed clients to directly invest in over 1,800 financial securities and investments, including individual stocks, ETFs, mutual funds and bonds. Share Investing complements Moneyfarm’s managed portfolios, providing clients with a holistic approach to managing their entire Moneyfarm wealth portfolio. This unified approach provides real-time visibility, enabling you to strategically monitor diversification and performance across asset classes and geographies. The innovative ‘Portfolio Analytics’ feature provides a comprehensive view of investments on personal dashboards, empowering investors to make informed financial decisions.
To enable us to be a total wealth partner, it is important for our clients to have the ability and option to select their own investments alongside the discretionary portfolios managed by our asset allocation team. Our Share Investing solution is designed to support clients with long-term wealth accumulation, offering a holistic approach with guided insights. Seeing investors embrace these options is real evidence of Moneyfarm working with its clients to build their wealth, together. —Giovanni Daprà, Co-founder & CEO
Commitment to sustainability and excellence
The growing adoption of our socially responsible portfolios range is quite remarkable. New ESG portfolios now account for 31% of total portfolios opened by clients with Moneyfarm. Investors opting for them, rather than for our classic portfolios range, increased by 10% in the first half of the year compared to the same period last year.
At Moneyfarm, we have always placed sustainability at the heart of our business model. This commitment has been further reinforced by our recent achievement of B Corp Certification, which reflects our dedication to social and environmental responsibility. We’re really proud of this, especially since there aren’t many investment advisors within the B Corp community. Moneyfarm is among the select few B Corp digital wealth managers globally and the only one in the United Kingdom to have achieved this certification.
On top of that, at the start of the year, we’ve been recognised by the Financial Times as one of Europe’s fastest-growing companies in their FT1000 list. This recognition highlights our continuous efforts to innovate and provide you with real value.
But that’s not all. We’ve also received several prestigious awards this year: Boring Money named us Best Buy Pension, Best Buy ISA, and Best Buy Junior ISA; YourMoney.com recognised us as Best Investment ISA (Medium portfolio); and Moneyfacts honoured us as Digital Wealth Management Provider for 2024.
Looking ahead, we’re eager to continue evolving alongside your needs. As always, we remain committed to providing you with the innovative tools and human expertise you deserve.
Giovanni Daprà, our Co-founder and CEO, sums it up perfectly:
I am very pleased with our results for the first half of 2024 and what we have achieved in challenging market conditions. Breaking through the £4 billion in total assets is a great achievement for Moneyfarm, and demonstrates that our experience of combining the simplicity of smart technology with the reassurance of human expertise is needed by clients. We are committed to continuing to develop our services as the needs of clients change.
Thank you for your continued trust in us—we look forward to building a brighter financial future, together.
*Capital at risk. Tax treatment depends on your individual circumstances and may be subject to change in the future.
