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

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Moneyfarm is a great investment platform for a broad range of wealth and investing goals, backed by smart technology and the expertise of dedicated consultants.
Richard Berry
Richard Berry
Good Money Guide Founder

Moneyfarm Customer Reviews

4.4
4.4 out of 5 stars (based on 230 reviews)
Excellent64%
Very good20%
Average10%
Poor3%
Terrible3%

For me, they are an…

30th June 2024

For me, they are an exceptional business and long may that continue. Enjoyed being part of the journey since 2017 and would highly recommend. Feel I am in very good hands when it comes to wealth management.Thank you!

Julian Bannister

Leave a review

  • Tell us what you think of this company and help others make more informed financial decisions.

For me, they are an…

30th June 2024

For me, they are an exceptional business and long may that continue. Enjoyed being part of the journey since 2017 and would highly recommend. Feel I am in very good hands when it comes to wealth management.Thank you!

Julian Bannister

very good

29th June 2024

very good

Kevin William Henderson

The “human touch” when seeking…

29th June 2024

The “human touch” when seeking general advice around products & how best to use those products .

Richard SCott

?

27th June 2024

?

Gerard Gaskin

use them on line

26th June 2024

use them on line

Rupert Sean Bellamy

valid service for letting others…

23rd June 2024

valid service for letting others invest for you

Giuseppe Trovato

Can’t fault them for customer…

23rd June 2024

Can’t fault them for customer service and investment advice

GEOFFREY ALAN WINSLOW

Outstanding platform for people who…

22nd June 2024

Outstanding platform for people who are new to investing. You receive a designated investment advisor who manages your portfolio and contacts you when opening your account to discuss your relevant experience of investing and investment goals. The customer service team is also immediately on hand if you need anything with their easy to use and functional app. Very happy I chose Moneyfarm as a new investor.

Jessica Bonnick

Very professional and reliable

22nd June 2024

Very professional and reliable

Lorenzo Dardi

Happy to let Moneyfarm invest…

22nd June 2024

Happy to let Moneyfarm invest my savings.

Richard Berrett

Very good returns since 2011

22nd June 2024

Very good returns since 2011

Veronica Houngan

5/5

22nd June 2024
Philip Anthony Johnson

Great customer service app easy…

22nd June 2024

Great customer service app easy to read and find what you want

John Kenny

Very happy with it

21st June 2024

Very happy with it

Edouard Tatschke

An excellent service provided by…

21st June 2024

An excellent service provided by Money farm since I’ve invested with them

Julian Brown

Very easy to register on…

21st June 2024

Very easy to register on their website. Comfortable and confident in their advice. Blogs Excellent, easy to read and understand.

Marilyn Nugent

Good performance

21st June 2024

Good performance

Adriano Wendler

Trustworthy, easy to understand, efficient

21st June 2024

Trustworthy, easy to understand, efficient

Derek John Towe

Easy to use & cost…

21st June 2024

Easy to use & cost effective

Mark Slade

Really good, easy to use…

21st June 2024

Really good, easy to use app, good for someone starting off in investments, wish they would produce a detailed CGT report for tax purposes

Shirin Mahate

5/5

21st June 2024
Gush verdding

Excellent all round

21st June 2024

Excellent all round

Kenneth Johnston

Fantastic and able to get…

21st June 2024

Fantastic and able to get advice

Ian hale

Fabulous customer support

21st June 2024

Fabulous customer support

Ian Hutchinson

ok

21st June 2024

ok

shobhna s patel

Very easy to deal with…

21st June 2024

Very easy to deal with and the results speak for themselves.

Edwin Derriman

I have found Moneyfarm a…

21st June 2024

I have found Moneyfarm a excellent company to invest with.

Kenneth Taylor

Informative and very helpful

21st June 2024

Informative and very helpful

Farida Keen

Excellent

21st June 2024

Excellent

Susan Margaret Hancock

Easy to use, friendly customer…

20th June 2024

Easy to use, friendly customer service

James Davies

easy to understand investments

20th June 2024

easy to understand investments

m neilson

Great app that makes investment…

20th June 2024

Great app that makes investment easy. Also good advice given by telephone with your nominated person at MoneyFarm

Colin Stewart

More experience with this and…

20th June 2024

More experience with this and find it comprehensive and user friendly.

Ian Buchanan

5/5

20th June 2024
Wayne Beaumont

Comprehensive and detailed with plenty…

20th June 2024

Comprehensive and detailed with plenty of information and analysis.

John Whitney

Daily updates – good service…

20th June 2024

Daily updates – good service with low fees

Suri Zafari

Modern investment platform

20th June 2024

Modern investment platform

Will Oxley

The sign of a good…

20th June 2024

The sign of a good product is when nothing goes wrong and everything seems to take care of itself. That’s mostly the case with MoneyFarm. I did one one issue where an investment I made was not showing up in my portfolio and the technical support team were excellent in solving the problem quickly.

Andy McCluggage

Regular updated info

20th June 2024

Regular updated info

Neil Edwards

Very good at keeping you…

20th June 2024

Very good at keeping you informed about your investment and the current finacial situation

Don Grant

Simple, reliable and quality

20th June 2024

Simple, reliable and quality

Ben Lambert

Fantastic customer support that makes…

20th June 2024

Fantastic customer support that makes you feel like a very valued customer. The help and guidance is second to none and the investments themselves are very professionally handled.

Simon hobbs

Very good investment

20th June 2024

Very good investment

Michael Nelson

It’s quite good and I…

20th June 2024

It’s quite good and I hope it will give a good return

Sigurd Feiring

Excellent

20th June 2024

Excellent

Duncan Jeffcock

Great investment app. Really good…

20th June 2024

Great investment app. Really good customer service. Amazing company

Camila De Gatica Susbielles

I personally love their customer…

20th June 2024

I personally love their customer service, keeping customer in the know and efficient app, flexible and easy to use.

Monica Allison

Simple to use

20th June 2024

Simple to use

Dean Magee-Tingle

Great platform, easy to navigate…

20th June 2024

Great platform, easy to navigate and intuitive

Campbell Mccallum

Very good service,easy to understand…

20th June 2024

Very good service,easy to understand ,and kept up to date.

Roger Gilbert Cole

It’s easy to navigate. Offers…

20th June 2024

It’s easy to navigate. Offers choice of options. Good value fees

John clegg

Always there to help

20th June 2024

Always there to help

Charles Michael Pipe

A relaible platform with good…

20th June 2024

A relaible platform with good stats and service

Mark Gamble

Easy to invest with sound…

20th June 2024

Easy to invest with sound advice and reasonable fees

Denis Todd

really excellent

20th June 2024

really excellent

colm cunningham

Is probably the best and…

20th June 2024

Is probably the best and easiest to use of all the platforms

Paul Jordan

Steady and trustworthy, good for…

20th June 2024

Steady and trustworthy, good for long term investors who can rely on your contributions being invested sensibly

Andrew Harrold

I had only positive experience…

20th June 2024

I had only positive experience with Moneyfarm

Iryna Stalpinskaya

Great service , returns ,…

20th June 2024

Great service , returns , pricing and easy to use app . Highly

Richard Brookes

I have been using Moneyfarm…

20th June 2024

I have been using Moneyfarm for several years and find them trustworthy and honest, and they communicate regularly.

Helen Edwards

Moneyfarm stands out as a…

20th June 2024

Moneyfarm stands out as a noteworthy investment platform, particularly for those seeking a combination of user-friendly features and robust customer support. One of the platform’s most commendable aspects is its customer service. The support team is both prompt and accurate in addressing queries, ensuring that any concerns are resolved swiftly. This level of service is crucial for both new and experienced investors who value timely and precise assistance. Beyond customer support, Moneyfarm offers a well-structured investment service, designed to cater to a variety of financial goals. The platform’s intuitive interface makes it accessible, while its diverse portfolio options provide flexibility for different investment strategies. Overall, Moneyfarm excels in providing a seamless user experience, bolstered by a responsive and knowledgeable support team. Whether you are just starting out or looking to diversify your investments, Moneyfarm’s commitment to user satisfaction and efficient service makes it a solid choice

Glenn Marsden

It’s another form of income

20th June 2024

It’s another form of income

Kevin Bark

Excellent Investment company

20th June 2024

Excellent Investment company

Brian Knox

very informative and clear platform

20th June 2024

very informative and clear platform

benedetta negri da oleggio

Easy to use and provide…

20th June 2024

Easy to use and provide a good overview

Chrissy Hodges

Easy-going

20th June 2024

Easy-going

Peter koncek

Does what is does well

20th June 2024

Does what is does well

Malcolm Pearce

Accessible and relatively cheap fees….

20th June 2024

Accessible and relatively cheap fees. Professional in all aspects.

James Procter

An efficient, proactive organization.

20th June 2024

An efficient, proactive organization.

Frank McGinn

Great service and app

20th June 2024

Great service and app

Lynsey Pritchard

Best in class

20th June 2024

Best in class

Angel Serrano Montilla

n/a

20th June 2024

n/a

Claudia Fernandes

Faultless experience

20th June 2024

Faultless experience

Lewis Herdman

Easy and efficient way to…

20th June 2024

Easy and efficient way to invest with user-friendly app

Janette Sunshine

Moneyfarm is the investment platform…

20th June 2024

Moneyfarm is the investment platform that I’ve been with for numerous years I’ve never looked back.

SAILESH CHAUHAN

A great experience in starting…

20th June 2024

A great experience in starting to invest for the first time.

Kevin Westfield

Like the opportunity to talk…

20th June 2024

Like the opportunity to talk to an advisor and they are excellent at keeping in touch. Risk is managed well when you set up an account.

Nigel Moss

Great return great telephone support…

20th June 2024

Great return great telephone support reasonable fees

John Figueriedo

Cost effective and good customer…

20th June 2024

Cost effective and good customer support, with the exception of one consultant who has now been replaced. Disinvesting can be cumbersome and the process and time scales should be clearer.

Brian Hunt

Good communicator and client support

20th June 2024

Good communicator and client support

Mauro Baratta

Easy to use

20th June 2024

Easy to use

Melanie Llewellyn

Great platform and excellent customer…

20th June 2024

Great platform and excellent customer services

Neill Taylor

Impressive

20th June 2024

Impressive

John Frederick Martin

Easy

20th June 2024

Easy

Roger Davies

Very user friendly.

20th June 2024

Very user friendly.

John Brendan Kerin

Great value for the customers

20th June 2024

Great value for the customers

Marco Alberti

Brilliant in every regard. Exceptional…

20th June 2024

Brilliant in every regard. Exceptional service and customer support as well as investing strategy for a reasonable fees.

Dora Krolikowska

Very good at contact and…

20th June 2024

Very good at contact and reviews. Comparativly low fees

Keith Dunbar

A good investment platform. …

20th June 2024

A good investment platform. .

Mukhtar Singh

Great service cheap and excellent…

20th June 2024

Great service cheap and excellent returns

dom buckley

excellent service and trustworthy

20th June 2024

excellent service and trustworthy

Anne Schmiterlow

ok

20th June 2024

ok

Pavol Mihalik

I’ve held an ISA here…

20th June 2024

I’ve held an ISA here for a long time, managed by MoneyFarm. The growth has been good and the dividends far outweigh the fees. They provide regular updates on market news and regularly rebalance the portfolio based on forecast trends. They also periodically check on my risk appetite to ensure my investments are allocated accordingly

Richard Barnes

Easy to navigate and understand

20th June 2024

Easy to navigate and understand

Lydia Mapledoram

Excellent customer service & performance

20th June 2024

Excellent customer service & performance

Kevin O’Neill

Very Good

20th June 2024

Very Good

Giuseppe Trettenero

Simple, accessible, transparent investing.

20th June 2024

Simple, accessible, transparent investing.

Simon Dickson

great app with good info

20th June 2024

great app with good info

Anthony Johnson

Good

20th June 2024

Good

Simon Durham

Confident that my Investment is…

20th June 2024

Confident that my Investment is in good hands and Im delighted with my Returns

Josephine Farrell

Easy to use and user…

20th June 2024

Easy to use and user friendly

Brian Lindsey

Easy to talk with someone…

20th June 2024

Easy to talk with someone -good app and website so you can always see your account

VALERIE DE LA ROSA

Very good

20th June 2024

Very good

joe cannings

Easy to use app, useful…

20th June 2024

Easy to use app, useful information, good customer service and low fees

Theresa Broomfield

Good

20th June 2024

Good

Alex Davies

4/5

20th June 2024
Paul Godding

Approachable

20th June 2024

Approachable

Peter Champion

amazing customer service, great value…

20th June 2024

amazing customer service, great value for money

aida hota

Moneyfarm offers a great investment…

20th June 2024

Moneyfarm offers a great investment opportunity and services. It provides a platform through which I can monitor all the transactions in my business and in a very transparent manner too. I would highly recommend their services who is keen on medium to long term investment.

George Onwe

Great service and experience.

20th June 2024

Great service and experience.

Riccardo Scotti

Nice website and dedicated personal…

20th June 2024

Nice website and dedicated personal advisor for financial checkups

Thomas Priddle

I dont have any knowledge…

20th June 2024

I dont have any knowledge of investments and Money farm has been extremely helpful. I trust them

cathryn anne clarke

5/5

20th June 2024
Timothy Hocks

user friendly, good returns

20th June 2024

user friendly, good returns

Mara Blakemore

Good returns. Good personal support

20th June 2024

Good returns. Good personal support

Iain Hunneybell

Very easy to find help…

20th June 2024

Very easy to find help and to use

Catherine hughes

Everything is OK

20th June 2024

Everything is OK

Mr David Billington

My portfolio is growing very…

20th June 2024

My portfolio is growing very well

Oyedeji Jaiyeola

Quality

20th June 2024

Quality

Marcus flint

I find moneyfarm very good…

20th June 2024

I find moneyfarm very good at communication with my personal account questions and also very informative information on the latest changes in the financial sector. The fees are good as they are managing my account. The app is quite straight forward use.

Mr steven hornby

Excellent app customer service quick…

20th June 2024

Excellent app customer service quick to reply accurate information value for money overall an excellent provider

Michael leek

Easy to set up, excellent…

20th June 2024

Easy to set up, excellent support very good customer service

Simon Teague

Easy to use, polite &…

20th June 2024

Easy to use, polite & helpful advice, good results

Sean Green

Good product options, better returns…

20th June 2024

Good product options, better returns than elsewhere and industry insights are useful.

Richard Booth

Too high charges

20th June 2024

Too high charges

Drew Marsham

Excellent

20th June 2024

Excellent

Shaun figgins

Excellent customer service. Happy with…

20th June 2024

Excellent customer service. Happy with growth of my investment.

Debra Salzman

Excellent for small investor

20th June 2024

Excellent for small investor

Ronald William Youlton

They keep me informed of…

20th June 2024

They keep me informed of the performance of my investment and the current market trends which could affect the performance.

James Neil

excellent

20th June 2024

excellent

Maria Carminati

Very good personnel service

20th June 2024

Very good personnel service

Thomas Goddard

good.. user friendly

20th June 2024

good.. user friendly

Maureen Bunker

Easy to transfer in an…

20th June 2024

Easy to transfer in an existing ISA and help when needed at the end of an email

Roger Edwards

Great platform, low costs, have…

20th June 2024

Great platform, low costs, have made me a ton of money

Stephen Cook

Credible

20th June 2024

Credible

Graham Baker

5/5

20th June 2024
E Greenfield

Easy to manage and informative….

20th June 2024

Easy to manage and informative. Responsive to requests for help

Neil

Excellent

20th June 2024

Excellent

Peter jannece

Easy to use platform

20th June 2024

Easy to use platform

Julie Holloway

Investments seem to perform very…

20th June 2024

Investments seem to perform very well

Simon Casajuana

Excellent experience no complaints

20th June 2024

Excellent experience no complaints

Mark Mackay

Advice available, not the cheapest…

20th June 2024

Advice available, not the cheapest put performance is reasonable.

Robert Butwell

Happy with the service and…

20th June 2024

Happy with the service and the investment of my money

Keith Milner

Great for placing active management…

20th June 2024

Great for placing active management investments

David Brown

Good value

20th June 2024

Good value

Melchorita Berganio

Low fees, good performance

20th June 2024

Low fees, good performance

Hope Buchan

Good all round

20th June 2024

Good all round

Paul Barrett

Very helpful for visualizing my…

20th June 2024

Very helpful for visualizing my financial goals

Andrew B Doherty

no comment

19th June 2024

no comment

Ranganathan Iyer

I’m not sure but I…

18th June 2024

I’m not sure but I Steven Talewa of Tari Hela Province of Papua New Guinea select only for the year

Steven Talewa

Good, fair

16th June 2024

Good, fair

David Russell

cc

7th June 2024

cc

Chris Griffin

Average for passive investments and…

6th June 2024

Average for passive investments and performance

Kamaljit Singh

transferred a pension less than…

6th June 2024

transferred a pension less than a year ago; so far, excellent

Malcolm Cawood

Easy to use

6th June 2024

Easy to use

Jim Ranthor

Good returns, Great support. App…

6th June 2024

Good returns, Great support. App could be better as it often requires updated, but it is clear and easy to use

Adriana Farenga

Easy to use, tailored service

6th June 2024

Easy to use, tailored service

Jeremy Rutherford

5/5

6th June 2024
Adriana Farenga

5/5

4th June 2024
Steven Talewa

3/5

3rd June 2024
Gabriel Antonie

good

2nd June 2024

good

oladeji

Bad value and bad service

30th May 2024

Bad value and bad service

Lori Ho

Good experience about 1 year…

25th May 2024

Good experience about 1 year good app and fair ETF

John Pilkington

.

25th May 2024

.

Andrew Gray

Seems to have good customer…

22nd May 2024

Seems to have good customer service but to new to comment on performance

Ryan Letley

No thoughts

22nd May 2024

No thoughts

John Woodberry

Experts on hands

17th May 2024

Experts on hands

Camilla Barbesti

User-friendly roboinvestment platform with ethical…

16th May 2024

User-friendly roboinvestment platform with ethical investment options giving good returns, and a focus on sharing market insight and education with customer base.

Joanna Green

4/5

28th February 2023
GMG Awards Voter: [118255400165]

2/5

25th February 2023

Pros:

One screen tells me the value of my investment

Cons:

Not ask for cookie verification every time

GMG Awards Voter: [118252978137]

4/5

24th February 2023

Pros:

Onboarding

Cons:

n/a

GMG Awards Voter: [118252011019]

3/5

24th February 2023
GMG Awards Voter: [118251919838]

4/5

24th February 2023

Pros:

Set and forget investment

Cons:

Lower fees

GMG Awards Voter: [118251912714]

4/5

22nd February 2023
GMG Awards Voter: [118249903244]

5/5

22nd February 2023
GMG Awards Voter: [118249767711]

3/5

22nd February 2023

Pros:

No thought

Cons:

Better support

GMG Awards Voter: [118249732430]

3/5

21st February 2023
GMG Awards Voter: [118249689255]

4/5

21st February 2023
GMG Awards Voter: [118249626971]

3/5

21st February 2023
GMG Awards Voter: [118249449062]

5/5

18th February 2023
GMG Awards Voter: [118247313173]

3/5

16th February 2023
GMG Awards Voter: [118246315154]

3/5

16th February 2023

Pros:

Website

GMG Awards Voter: [118245671316]

5/5

15th February 2023

Cons:

Increase return on investment

GMG Awards Voter: [118244979107]

5/5

15th February 2023

Pros:

Ease of use

GMG Awards Voter: [118244944338]

4/5

15th February 2023
GMG Awards Voter: [118244760643]

4/5

15th February 2023

Pros:

The advisory team

GMG Awards Voter: [118244725486]

2/5

15th February 2023
GMG Awards Voter: [118244457589]

5/5

15th February 2023

Pros:

Allocation Fees

Cons:

Lower Fees

GMG Awards Voter: [118244403649]

4/5

14th February 2023

Pros:

Great allround

GMG Awards Voter: [118244088736]

2/5

14th February 2023
GMG Awards Voter: [118243991713]

3/5

14th February 2023

Pros:

Good insight information

Cons:

Match invest engines charges

GMG Awards Voter: [118243987769]

3/5

14th February 2023

Pros:

Not sure ?

Cons:

Not sure

GMG Awards Voter: [118243928768]

1/5

14th February 2023

Pros:

None

Cons:

GMG Awards Voter: [118243919852]

2/5

14th February 2023

Pros:

Easy to use

Cons:

Cost competitiveness

GMG Awards Voter: [118243907445]

4/5

14th February 2023

Pros:

Blogs

Cons:

Better investing

GMG Awards Voter: [118243899117]

3/5

14th February 2023
GMG Awards Voter: [118243847197]

5/5

14th February 2023

Pros:

Competency

Cons:

Value

GMG Awards Voter: [118243786160]

4/5

14th February 2023

Pros:

Ease of use

Cons:

All good

GMG Awards Voter: [118243730522]

3/5

14th February 2023
GMG Awards Voter: [118243707127]

4/5

14th February 2023
GMG Awards Voter: [118243705613]

Capital at risk

Expert Moneyfarm Review

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 Review
Good Money Guide Recommended 2024

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

Capital at risk

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

Capital at risk

Moneyfarm Facts & Figures

⬜ 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

Is Moneyfarm’s pension any good?

Moneyfarm’s pension is a managed private pension account where you invest in prebuilt portfolios, it’s more of a managed pension rather than a SIPP, but you can still invest in individual shares in their ISA and GIA.

Moneyfarm lets you invest your pension in one of seven ready-made simple and diverse portfolios with different degrees of risk and reward. Users can transfer a pension or setup a new one and Moneyfarm will manage your portfolio based on your retirement target date by reducing the risk as the time approaches.

Moneyfarm’s pension 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%

Capital at risk

Can you invest in a Moneyfarm JISA for your children?

Yes, the Moneyfarm junior ISA has the same portfolios as the standard GIA, ISA and pension account. So you can invest tax free for when your children turn 18.

  • Investments: Pre-made portfolios
  • Minimum deposit: £500
  • JISA account charge: 0.75%
  • Dealing fee: £0

Moneyfarm smart tech allows you to monitor your JISA’s performance from anywhere, automate your monthly deposits so you’ll never miss an opportunity again, and their team of dedicated investment consultants are on hand to answer any queries you may have via anytime calls, chats, or emails.

Moneyfarm junior stocks and shares ISA 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%

Capital at risk

Moneyfarm Performance

For Moneyfarm, we have focused on its seven non-ESG managed portfolios. Performance net of fees is shown below between 2019 and 2023.

Risk level1234567
20234.66.77.6910.311.512.4
2022-8.1-9-9.3-9-11.5-11.7-12.3
2021-1.52.75.88.811.313.916.6
2020-0.223.32.94.96.36.3
20192.96.69.511.714.616.519.8
£1k would have grown to£972£1,084£1,168£1,240£1,306£1,389£1,464

Here, £1,000 invested in the highest risk option would have grown to £1,464.

 

Capital at risk

Is Moneyfarm’s GIA a good investment account?

Moneyfarm is a trusted investment account based on our metrics of regulation, size and products. The GIA is not as good as the Moneyfarm ISA for your first £20k invested each year though as you have to pay capital gains on any profits outside of your ISAs.

Moneyfarm’s GIA is a digital wealth manager and makes setting up a diverse investment account easy and cheap. As with other robo-advisors, you cannot buy individual stocks, but instead choose to invest in any of their seven risk-based portfolios through a stocks and shares ISA, a pension or a general investment account.

Summary

  • Investments: Pre-made portfolios
  • Minimum deposit: £500
  • Account types: GIA, ISA, Pension, JISA
  • Account charge: 0.75% annual charge
  • Dealing fee: £0

Moneyfarm’s investment platform is like a big quiz directing you towards the most appropriate portfolio based your responses to risk-based questions.

Moneyfarm GIA Platform

Is Moneyfarm a cash or investment ISA?

Moneyfarm has a stocks and shares ISA that invests your money in the stock market. You can get better returns than with a cash ISA, but as with all investing the stock market goes up and down so you could get less than you originally invested. So if you don’t want to risk losing any money a cash ISA with someone like Hargreaves Lansdown Active Savings would be a better option.

Moneyfarm’s ISA invests in ETFs to keep the costs low, so you aren’t paying for active managers. Instead, you are benefiting from tracking a series of diversified indices that are regularly rebalanced. This should mean you get to keep most of your returns rather than paying hefty fees to fund managers.

  • Investments: Pre-made portfolios
  • Minimum deposit: £500
  • ISA account charge: 0.75%
  • ISA dealing fee: £0

Fees: Moneyfarm’s ISA 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%

 

Is your money safe in the Moneyfarm app?

Yes, the Moneyfarm app connects to all their accounts and lets you view your portfolio balance and performance whilst on the move.

As Moneyfarm is a fairly passive investment account and not that complicated, you can also use the app for making deposits and choosing investment portfolios.

Capital at risk

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