MoneyFarm
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Company type | Private |
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Industry | Digital Wealth Management |
Founded | 2011Milan, Italy | in
Founders | |
Headquarters | |
Number of locations | 3 offices |
Area served | |
Key people | |
Products | |
Services | |
AUM | $2.2 billion |
Owners | |
Number of employees | 130 |
Website | www |
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 CONSOB[2] (ITA).
History
Moneyfarm was founded in March 2011 by Paolo Galvani, Chairman, and Giovanni Daprà, CEO. In March 2018 Moneyfarm launched digital Sipp a self-invested personal pension.[3]
Overview
Moneyfarm creates a profile based on a customer's investment target and risk propensity.
Moneyfarm operates from offices in London, Milan, and Cagliari.
Moneyfarm received £96 million in backing from Allianz Asset Management, Poste Italiane, Cabot Square Capital, and Venture Capital fund, United Ventures.[4]
References
- ^ "Financial Conduct Authority". Register.fca.org.uk. 1990-01-01. Retrieved 2016-06-12.
- ^ "Imprese di paesi terzi autorizzate in Italia con succursale". www.consob.it. Retrieved 2021-09-03.
- ^ "Moneyfarm launches digital Sipp". 2018-03-27. Retrieved 2018-05-14.
- ^ FinSMEs. "MoneyFarm Raises €16M in Venture Capital Funding". Finsmes.com. Retrieved 2016-06-12.
Further reading
- Walker, Peter (March 8, 2016). "MoneyFarm acts over misleading advice status on website". Financial Times. Retrieved June 19, 2016.
- Shead, Sam (February 28, 2016). "A former Morgan Stanley VP wants investors to trust his 'robo-advisor' app with their savings". Business Insider. Retrieved June 19, 2016.
- "Sedici milioni di euro, investimento record per MoneyFarm". Corriere della Sera (in Italian). November 9, 2015. Retrieved June 19, 2016.
- "Moneyfarm acquires German digital wealth outfit vaamo". Finextra. November 20, 2018
- "Wealth manager Moneyfarm wins Poste Italiane, Allianz backing". Reuters. September 26, 2019.
- Moneyfarm reaches £1.6 billion under management. Finextra. August 26, 2021.