MoneyFarm: Difference between revisions

Moneyfarm
Company type	Private
Industry	Investment services
Founded	2011
Founder	Giovanni Daprà, Paolo Galvani
Headquarters	London, Milan, Frankfurt, Cagliari
Number of locations	4
Area served	UK, Italy, Germany
Key people	Paolo Galvani (Co-Founder, Chairman); Giovanni Daprà (Co-Founder, CEO); Alessandro Onano (CMO); Richard Flax (CIO); Oliver Vins (CPO); Emanuele Blanco (CTO); Antonio Fratta Pasini (CCO);
Products	Financial services, wealth management, asset management, portfolio management
AUM	US$1.1 billion
Owner	Allianz GI; Poste Italiane; United Ventures; Cabot Square Capital; Endeavor; Fondazione Sardegna;
Number of employees	130
Website	www.moneyfarm.com

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Revision as of 22:32, 31 March 2021

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. In March 2018 Moneyfarm launched digital Sipp a self-invested personal pension.^[2]

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, Frankfurt 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.^[3]

Moneyfarm received over £100 million in backing from Allianz Global Investors, Poste Italiane, Cabot Square Capital, and Venture Capital fund, United Ventures.^[4]^[5]

References

^ "Financial Conduct Authority". Register.fca.org.uk. 1990-01-01. Retrieved 2016-06-12.
^ "Moneyfarm launches digital Sipp". 2018-03-27. Retrieved 2018-05-14.
^ "Robots on the high street: MoneyFarm opens pop-up shop". Finextra.com. Retrieved 2016-06-12.
^ "MoneyFarm – CrunchBase". Retrieved 12 June 2016.
^ By FinSMEs. "MoneyFarm Raises €16M in Venture Capital Funding". Finsmes.com. Retrieved 2016-06-12.

External links

Official website

[1] "Financial Conduct Authority". Register.fca.org.uk. 1990-01-01. Retrieved 2016-06-12.

[2] "Moneyfarm launches digital Sipp". 2018-03-27. Retrieved 2018-05-14.

[3] "Robots on the high street: MoneyFarm opens pop-up shop". Finextra.com. Retrieved 2016-06-12.

[4] "MoneyFarm – CrunchBase". Retrieved 12 June 2016.

[5] By FinSMEs. "MoneyFarm Raises €16M in Venture Capital Funding". Finsmes.com. Retrieved 2016-06-12.

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@@ Line 51: / Line 51: @@
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 }}
-'''Moneyfarm''' (MFM Investment ltd) is an online [[Financial adviser|investment advisor]] and one of the largest digital [[wealth management]] companies in Europe, regulated by the [[Financial Conduct Authority|FCA]]<ref>{{cite web|url=https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000aQtQkAAK |title=Financial Conduct Authority |publisher=Register.fca.org.uk |date=1990-01-01 |accessdate=2016-06-12}}</ref> (UK) and [[Bank of Italy|Banca d'Italia]] (ITA).
+'''Moneyfarm''' (MFM Investment ltd) is an online [[Financial adviser|investment advisor]] and one of the largest digital [[wealth management]] companies in Europe, regulated by the [[Financial Conduct Authority|FCA]]<ref>{{cite web|url=https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000aQtQkAAK |title=Financial Conduct Authority |publisher=Register.fca.org.uk |date=1990-01-01 |access-date=2016-06-12}}</ref> (UK) and [[Bank of Italy|Banca d'Italia]] (ITA).
 ==History==
@@ Line 59: / Line 59: @@
 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, Frankfurt 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.<ref>{{cite web|url=https://www.finextra.com/newsarticle/28927/robots-on-the-high-street-moneyfarm-opens-pop-up-shop |title=Robots on the high street: MoneyFarm opens pop-up shop |publisher=Finextra.com |date= |accessdate=2016-06-12}}</ref>
+Moneyfarm operates from offices in London, Milan, Frankfurt 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.<ref>{{cite web|url=https://www.finextra.com/newsarticle/28927/robots-on-the-high-street-moneyfarm-opens-pop-up-shop |title=Robots on the high street: MoneyFarm opens pop-up shop |publisher=Finextra.com |date= |access-date=2016-06-12}}</ref>
-Moneyfarm received over £100 million in backing from [[Allianz Global Investors]], [[Poste Italiane]], [[Cabot Square Capital]], and [[Venture Capital fund]], [[United Ventures]].<ref>{{cite web|url=https://www.crunchbase.com/organization/moneyfarm#/|title=MoneyFarm – CrunchBase|publisher=|accessdate=12 June 2016}}</ref><ref>{{cite web|author=By FinSMEs |url=http://www.finsmes.com/2015/11/moneyfarm-raises-e16m-in-venture-capital-funding.html |title=MoneyFarm Raises €16M in Venture Capital Funding |publisher=Finsmes.com |date= |accessdate=2016-06-12}}</ref>
+Moneyfarm received over £100 million in backing from [[Allianz Global Investors]], [[Poste Italiane]], [[Cabot Square Capital]], and [[Venture Capital fund]], [[United Ventures]].<ref>{{cite web|url=https://www.crunchbase.com/organization/moneyfarm#/|title=MoneyFarm – CrunchBase|publisher=|access-date=12 June 2016}}</ref><ref>{{cite web|author=By FinSMEs |url=http://www.finsmes.com/2015/11/moneyfarm-raises-e16m-in-venture-capital-funding.html |title=MoneyFarm Raises €16M in Venture Capital Funding |publisher=Finsmes.com |date= |access-date=2016-06-12}}</ref>
 ==References==
@@ Line 67: / Line 67: @@
 ==Further reading==
-* {{cite web | last=Walker | first=Peter | title=MoneyFarm acts over misleading advice status on website | website=[[Financial Times]] | date=March 8, 2016 | url=http://www.ftadviser.com/2016/03/08/ifa-industry/technology/moneyfarm-acts-over-misleading-advice-status-on-website-Z6rJFTtXG3rDys5wPkQ8oK/article.html | ref=harv | accessdate=June 19, 2016}}
+* {{cite web | last=Walker | first=Peter | title=MoneyFarm acts over misleading advice status on website | website=[[Financial Times]] | date=March 8, 2016 | url=http://www.ftadviser.com/2016/03/08/ifa-industry/technology/moneyfarm-acts-over-misleading-advice-status-on-website-Z6rJFTtXG3rDys5wPkQ8oK/article.html | access-date=June 19, 2016}}
-* {{cite web | author=Shead, Sam | title=A former Morgan Stanley VP wants investors to trust his 'robo-advisor' app with their savings | website=[[Business Insider]] | date=February 28, 2016 | url=http://www.businessinsider.com/morgan-stanley-vp-wants-investors-to-trust-his-robo-advisor-app-with-their-savings-2016-2 | ref={{sfnref | Business Insider | 2016}} | accessdate=June 19, 2016}}
+* {{cite web | author=Shead, Sam | title=A former Morgan Stanley VP wants investors to trust his 'robo-advisor' app with their savings | website=[[Business Insider]] | date=February 28, 2016 | url=http://www.businessinsider.com/morgan-stanley-vp-wants-investors-to-trust-his-robo-advisor-app-with-their-savings-2016-2 | ref={{sfnref | Business Insider | 2016}} | access-date=June 19, 2016}}
-* {{cite web | title=Sedici milioni di euro, investimento record per MoneyFarm | website=[[Corriere della Sera]] | date=November 9, 2015 | url=http://corriereinnovazione.corriere.it/2015/11/09/sedici-milioni-euro-investimento-record-moneyfarm-08643c06-8706-11e5-858b-c98d4f30b0b8.shtml | language=it | ref={{sfnref | Corriere della Sera | 2015}} | accessdate=June 19, 2016}}
+* {{cite web | title=Sedici milioni di euro, investimento record per MoneyFarm | website=[[Corriere della Sera]] | date=November 9, 2015 | url=http://corriereinnovazione.corriere.it/2015/11/09/sedici-milioni-euro-investimento-record-moneyfarm-08643c06-8706-11e5-858b-c98d4f30b0b8.shtml | language=it | ref={{sfnref | Corriere della Sera | 2015}} | access-date=June 19, 2016}}
 *[https://www.finextra.com/newsarticle/32984/moneyfarm-acquires-german-digital-wealth-outfit-vaamo "Moneyfarm acquires German digital wealth outfit vaamo". Finextra]. November 20, 2018
 *[https://www.reuters.com/article/us-moneyfarm-fundraising/wealth-manager-moneyfarm-wins-poste-italiane-allianz-backing-idUSKBN1WB10O "Wealth manager Moneyfarm wins Poste Italiane, Allianz backing"]. Reuters. September 26, 2019.