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Moneyfarm Review

as of 26/02/2019 at 6:25 pm

Holly's View

This service will take you through simple enough risk questionnaire to allocate you into the right portfolio/mix of investments. There are clear projections on what you might make which answers a major question upfront. It’s simple enough to use although our testing found a few teething problems (nothing major). Good for those who want help and who don’t want mountains of investment choice.

Our Rating

Recommended For

Beginner Investor

In a nutshell

Really easy to use

Ready-made options

This is regulated advice

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Based on 40 reviews

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Sponsored by

Moneyfarm

Moneyfarm looks after your tomorrow, so you can invest time in today. Many people pay too much to have their money managed, trade too often, or even too little, and this is costing them over time. With the right asset allocation, a long-term perspective and tight management of both cost and risk, people can achieve more with their money. With our digital investment advice and fully managed portfolios we’ve helped thousands of people to make better investment decisions.

How your investments work

It all starts with investment advice. We understand your goals, financial situation and attitude to risk, so you can invest in a suitable portfolio. You’ll then have our asset allocation team building and managing your portfolio on your behalf. Our Investment Strategy reflects your investor profile. You can log-in to your account to see what you’re invested in at any time; and you’ll always know exactly what you’re paying in fees, whether it’s the management or fund charge.

Moneyfarm products

Whatever your goal, Moneyfarm has the tools that can help you get there. You’ll always have a fully-managed portfolio, free transfers, and a dedicated investment consultant to help answer any questions.
Pension: To help you save for retirement
Stocks & Shares ISA: A tax-efficient, flexible way to invest
General Investment: For when you’ve used your tax allowances

More about Moneyfarm

What to Expect

Investment Choice

Products

Stocks and Shares ISA

Investment Account

Pension

Investments available

Chosen for you

Investment help

Robo advice / ready-made portfolios

The 'Geeky' Details

Provider details

One of the newer so-called 'robo advisers', Moneyfarm is an interesting option for those who don't know where to start and want some advice along the way. You get regulated advice, so after answering a few questions you get a portfolio that matches your needs. You can't pick your own shares or funds so you get one of their own-brand 'ready meals' only.

Still relatively new in the UK, this group started life in Italy and they are gaining traction here. Charges start at 1%, so £10 per year for a £1,000 portfolio.

Important Facts & Figures

Provider Size:

New robo-adviser, also serving customers in Italy

Minimum amounts:
£500 minimum investment
12 month indicative performance:

A medium risk portfolio returned 5.9% in 2017, after charges.

Your Questions

"Hi - Your site is very useful and informative. For the last 9 months I've drip fed just over £10,000 into a Moneyfarm Investment ISA (balanced/medium risk) just over 60% shares, it has been a very volatile year as you know. Moneyfarm seem to have done a good job of protecting my capital. I was down around £500 at the worst point which I have now recouped, however I haven't really made much in the way of gains, which I'm a bit disappointed about. I was wary about taking on too much risk, but now think I may have not taken on quite enough. I'm thinking about giving it 12 months to see how it goes. If I then wanted to, would I be able to transfer the whole lot to another platform (say Vanguard) where the fees are lower, and I might make a bit more profit? I know you're not allowed to give regulated advice - but I'm uncertain if I should transfer the whole lot in one go, or drip feed it into the new platform should I decide to move it. I would welcome whatever help you can give me. Regards, Robert"

Robert, UK

14/03/2019

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"I’m new to investing and in my late 30's. I'm actually stuck in a dilemma whether to invest using DIY platforms like Interactive Investor, A J Bell or Hargreaves Lansdown OR invest using robo advisors like Nutmeg, Moneyfarm or Pensionbee. I have compared the fees and they are not significantly different. Do robo advisers have a better return rate? I can dedicate some time to DIY investing but not a significant amount of time. Please advise. Thank you."

Victor , Kent

14/01/2019

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