MoneyFarm
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| Company type | Private |
|---|---|
| Industry | Digital Wealth Management |
| Founded | 2011 in Milan, Italy |
| 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
[edit]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
[edit]Moneyfarm creates a profile based on a customer's investment target and risk propensity.[4]
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.[5]
References
[edit]- ^ "Financial Conduct Authority". Register.fca.org.uk. 1 January 1990. Retrieved 12 June 2016.
- ^ "Imprese di paesi terzi autorizzate in Italia con succursale". www.consob.it. Retrieved 3 September 2021.
- ^ "Moneyfarm launches digital Sipp". 27 March 2018. Retrieved 14 May 2018.
- ^ "Moneyfarm: investire online non è mai stato semplice come oggi". www.moneyfarm.com. Retrieved 13 April 2023.
- ^ FinSMEs. "MoneyFarm Raises €16M in Venture Capital Funding". Finsmes.com. Retrieved 12 June 2016.
Further reading
[edit]- Walker, Peter (8 March 2016). "MoneyFarm acts over misleading advice status on website". Financial Times. Retrieved 19 June 2016.
- Shead, Sam (28 February 2016). "A former Morgan Stanley VP wants investors to trust his 'robo-advisor' app with their savings". Business Insider. Retrieved 19 June 2016.
- "Sedici milioni di euro, investimento record per MoneyFarm". Corriere della Sera (in Italian). 9 November 2015. Retrieved 19 June 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.