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Revision as of 12:29, 25 January 2017

MoneyFarm
Company typePrivate
IndustryInvestment services
Founded2011
FounderGiovanni Daprà, Paolo Galvani
Headquarters
Area served
UK, Italy
Key people
ProductsFinancial services, asset management, portfolio management
Number of employees
100
Websitewww.moneyfarm.com/uk

MoneyFarm (MFM Investment ltd) is an online investment advisor and one of the largest digital wealth management companies in Europe, regulated by the FCA[1] (UK) and Banca d'Italia (ITA).

History

MoneyFarm was founded in March 2011 by Paolo Galvani, Chairman, and Giovanni Daprà, CEO, MoneyFarm leverages a digital wealth management platform to provide independent investment advisory services to small savers through its website.

Overview

MoneyFarm's technology allows it to create a unique profile based on a customer’s investment target and risk propensity. A team of MoneyFarm personnel monitors the investment state and provide recommendations, if needed, to re-balance portfolios according to market trends.

MoneyFarm operates from offices in London, Milan and Cagliari. As the first European robo-advisor, it departed from the "online-only" approach and opened a physical shop in Milan in May 2016.[2]

In September 2015, MoneyFarm raised €16m in venture capital funding.[3][4]

References

  1. ^ Name  (1990-01-01). "Financial Conduct Authority". Register.fca.org.uk. Retrieved 2016-06-12.{{cite web}}: CS1 maint: extra punctuation (link)
  2. ^ "Robots on the high street: MoneyFarm opens pop-up shop". Finextra.com. Retrieved 2016-06-12.
  3. ^ "MoneyFarm – CrunchBase". Retrieved 12 June 2016.
  4. ^ By FinSMEs. "MoneyFarm Raises €16M in Venture Capital Funding". Finsmes.com. Retrieved 2016-06-12.

Further reading