Invest in Love With Moneyfarm

Moneyfarm, the Allianz-backed digital wealth manager that helps people protect and increase their wealth through time, has launched a self-invested personal pension (Sipp).

Some history.

The London-based company was founded in 2011 by Giovanni Daprà and Paolo Galvani, and has raised close to $30M since its inception. In Sep. 2016, Allianz X, the digital investment unit of Allianz, made a strategic investment of $7M in Moneyfarm, to later launch a first of its kind partnership; an active wealth management service for UK employees of Allianz companies. The two companies developed a product, which was built in just three months, called Moneyfarm powered by Allianz Global Investors. “The launch of this program in the UK is an exciting first step in our partnership with Moneyfarm, giving our UK-based colleagues access to professional investment management via a fully digital platform using actively managed Allianz Global Investors funds” – Tobias C. Pross, head of EMEA, Allianz Global Investors.

Following the partnership with Allianz, Moneyfarm announced another partnership with Uber, which offers drivers access to pension and ISA products. “We’ve heard from many of our partner-drivers that they want to save for the future. That’s why we’re really pleased to be partnering with Moneyfarm, who will soon offer Uber partners discounted products from ISAs to pensions, along with improved access to financial education.” – Jo Bertram, Regional General Manager, Uber UK. By the look of things, Uber redirects drivers from its website, to an Allianz branded page on Moneyfarm, which offers drivers “exclusive access to investment professionals from Allianz Global Investors and PIMCO, at a fraction of the normal costs.”

Moneyfarm prides itself with expert portfolio management, offering simplified advice and discretionary investments with low, transparent costs and no hidden fees.

Bottom Line: Josh Chard is happy; consistent return of over 6%, straight-forward app and unbelievable service.