Moneyfarm Review: You Don’t Need To Be Wealthy To Access A Wealth Manager

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In this Moneyfarm review we, give our ratings based on their nearest peers. Tell you what we think of Moneyfarm after testing them with real money and highlight the key costs, facts and figures of their accounts.

Moneyfarm Customer Reviews

3.5
3.5 out of 5 stars (based on 62 reviews)
Excellent19%
Very good34%
Average31%
Poor10%
Terrible6%

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Moneyfarm Review
Moneyfarm

Name: Moneyfarm Review

Description: Moneyfarm is a digital wealth manager that aims to make personal investing simple and accessible. It was launched initially in Italy in 2012 by Italian bankers Paolo Galvani and Giovanni Dapra and entered the UK in 2016 and has big-name financial backers such as Allianz Global Investors, Cabot Square Capital, United Ventures and Poste Italiane.

Is Moneyfarm any good?

Yes, Moneyfarm is more of a digital wealth manager rather than a robo-advisor as the portfolios are put together by investment managers, rather than automatically. The automation, as it where, is fine-tuning your portfolio to match your risk/reward choices. As opposed to other robo advisors you can also top-up your portfolio with individual shares and ETFs.

  • Investments: 7 pre-made portfolios
  • Account types: GIA, ISA, Pension, JISA
  • Costs: 0.75% to 0.6% 

Fees: Moneyfarm charges 0.75% to 0.6% up to £100k then 0.45% to 0.35% over £100k. Moneyfarm investing account fees are scaled between 0.75% for accounts between £500 and £50,000, then above £100k are 0.45% to 0.35%. Average investment fund fees are 0.2% and the average market spread when buying and selling is 0.10%.

Pros

  • Easy to use
  • Low fees
  • Diverse portfolios

 

 

Cons

  • High £500 minimum investment
  • 0.75%* account fee is relatively high
  • No individual US shares available
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (5)
  • Customer Service
    (5)
  • Research & Analysis
    (4)
Overall
4.4

Moneyfarm CEO Interview

If you want to know more about how Moneyfarm works and why it was set up you can read our exclusive interview: Giovanni Daprà, Moneyfarm CEO on why his digital wealth management firm is so much more than a robo-advisor.

Giovanni Dapra Moneyfarm

⬜ Public Company
👉 Number Active Clients135K
💰 Minimum Deposit£500
💸 Client Funds£3.9 billion
📅 Founded2012
Account Costs
➡️ Investment Account
0.25%-0.75%
➡️ SIPP
0.25%-0.75%
➡️ Stocks & Shares ISA
0.25%-0.75%
➡️ Junior ISA
0.25%-0.75%
➡️ Lifetime ISA
Dealing Costs
➡️ UK Shares
£3.95 per trade
➡️ US Stocks
£3.95 per trade
➡️ ETFs
£3.95 per trade
➡️ Bonds
0.3% for Liquidity +
➡️ Funds£3.95 per trade

Capital at risk

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