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Moneyfarm Review

as of 06/03/2020 at 10:21 am

Holly's View

Moneyfarm is a decent choice for those who want someone to do it all for them. A simple questionnaire will identify what sort of an investor you are and then does all the fiddly stuff for you. They also check in every year to make sure that this profile is still the one for you. I find things a bit lacking if you want to dig into any more detail – there isn’t a lot to be had. For example, I couldn’t find out my % allocation to the US. Not the most complex thing to want to know.

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 46 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

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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