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Moneyfarm Review

as of 24/05/2019 at 2:09 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

You Say

Your overall rating

Based on 40 reviews

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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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"I'm nearly 30 and looking to open a private ready made pension, and also an investment ISA for retirement funds or towards a property, but very unsure what risk level to choose (low to medium, or medium to high)? Any comments or advice welcome."

Susan, West Midlands

24/07/2018

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