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Robo-advisor MoneyFarm arrives in the UK

29th February 2016 Church News.

European digital wealth management company MoneyFarm has launched in the UK, which it says makes it the first robo-advisor to operate in more than one country. The Italian firm, which was founded in 2011, claims that its line of investment products will “revolutionise the UK’s wealth management sector”. Its platform allows private investors to open an account in less than 10 minutes and manage their portfolios via their smartphone. MoneyFarm products will be commission free for the first £10,000 invested, and fee and commission free for savings over £1 million.