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moneyfarm

Moneyfarm Review

 

This Moneyfarm Review…

Michael Englefield – Drewberry
Written by:
Michael Englefield
Content Manager at Drewberry
⏰  10 min read

Founded

2011

Company Overview

Founded in 2011, Moneyfarm has rapidly become one of the largest digital wealth managers in Europe. It provides pensions, ISAs and general investment accounts, focusing on exchange traded funds (ETFs) to provide lower-cost investment options to the mass market.

Moneyfarm investments are built around your risk profile, with a set of six portfolios based on your appetite for risk (ranked 1 to 6, from conservative to aggressive). Moneyfarm builds you a portfolio based on your appetite for risk and your investment goals.

Read Drewberry's moneyfarm pension review

Within your portfolio, your assets scale alongside your capital. If you invest up to £50,000 your portfolio will contain up to 7 funds; if you invest over £50,000 you’ll have up to 14 funds.

Moneyfarm is a discretionary investment manager, which means that once you have taken the decision to invest in the recommended portfolio your investments and bought and sold on your behalf by Moneyfarm’s investment team.

Rather than having to give consent for every transaction, you agree that Moneyfarm will take responsibility for your investments on an ongoing basis.

 

Reviewing the Moneyfarm Range

Moneyfarm Stocks and Shares ISA

  • Open a Moneyfarm ISA with just £100 to get started with investments in the markets
  • Recommended minimum investment is £1,500 to ensure a good mix of investments in your portfolio
  • Start a new ISA or transfer an existing one onto Moneyfarm’s books
  • As with all ISAs, earn tax-free returns on investments of up to £20,000 per tax year
  • Fees are levied on a sliding scale depending on amount invested, starting at 0.7% and falling to 0.4%
  • There are also underlying charges – please see the Moneyfarm fees page for the latest figures
  • This is a capital-at-risk product, so the value may fall as well as rise. You could get back less than you invested. ISA rules apply

Moneyfarm SIPP

  • Start a Moneyfarm pension with just £100 to get started with investments in the markets
  • Recommended minimum investment is £1,500 to ensure a good mix of investments in your portfolio
  • Start a new pension or transfer an existing one onto Moneyfarm’s books
  • Get pension tax relief on contributions and growth (pension tax rules are always subject to change)
  • Fees are levied on a sliding scale depending on amount invested, starting at 0.7% and falling to 0.4%
  • There are also underlying charges – please see the Moneyfarm fees page for the latest figures
  • Eligibility to invest in a pension depends on personal circumstances. Pension tax rules are subject to future change. Pension rules apply.

Moneyfarm General Investment Account

  • Start saving into your Moneyfarm General Investment Account (GIA) with just £100 to get investments in the markets
  • Recommended minimum investment is £1,500 to ensure a good mix of investments in your portfolio
  • Access your investments online or through Moneyfarm’s app and open an account in just 10 minutes
  • Fees are levied on a sliding scale depending on amount invested, starting at 0.7% and falling to 0.4%
  • There are also underlying charges – please see the Moneyfarm fees page for the latest figures
  • This is a capital-at-risk product, so the value may fall as well as rise

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The Moneyfarm Pension
Invest your pension in the markets from just £100
 

Moneyfarm Investment Solutions Explained…

Moneyfarm Stocks & Shares ISA

  • As with all ISAs, save up to £20,000 in a tax year into your ISA and pay no tax on any returns you make
  • Tell Moneyfarm your investment goals and select a level of investment risk appropriate for you and your circumstances to have a portfolio built around your needs
  • Transfer existing iSAs to the Moneyfarm platform
  • Withdraw or transfer to another ISA at any time
  • No transfer fees
  • Invest in a portfolio that’s built, managed and rebalanced to keep you on track with your financial goals

Moneyfarm Pension

  • Save for your retirement with the Moenyfarm pension and pay in up to £40,000 each tax year
  • Get tax relief on payments into your pension at your highest marginal rate
  • Match with a portfolio that’s specifically built and managed for your investor profile
  • Enter income drawdown with your pension at retirement
  • Free lifestyling adjusting of your portfolio as you age
  • Your capital is held separately from Moneyfarm’s own funds by institutions such as Barclays Bank and Saxo Capital Markets UK Ltd to help safeguard your investments

Moneyfarm General Investment Account

  • A General Investment Account (GIA) is a simple way to hold investments outside of wrappers such as pensions or ISAs
  • There’s no tax relief, but there are few limitations on payments into and withdrawals from a GIA, making it a very flexible way to invest
  • Select a level of investment risk you’re happy with and let Moneyfarm build your GIA portfolio from there
  • Use the Moneyfarm app to review your portfolio, track performance, analyse asset allocation and withdraw money whenever you need to
  • Start a General Investment Account in less than 10 minutes
  • Moneyfarm’s experts watch the market for you, building, managing and rebalancing your portfolio so you don’t have to

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The Moneyfarm ISA
Start a new stocks & shares ISA or transfer an existing one today
 

Moneyfarm Fees & Charges

Funds

Fee

£0-£20,000

0.7%

£20,000-£100,000

0.6%

£100,000-£500,000

0.5%

£500,000+

0.4%

There are also underlying charges – please see the Moneyfarm fees page for the latest figures

No setup or subscription fees

No trading fees

No withdrawal fees

Example Fees

If you were to invest £210,000 you would pay:

  • 0.7% for first £20,000
  • 0.6% on £80,000
  • 0.5% on £110,000

Fees are charged monthly and calculated as the sum of the daily portfolio value, multiplied by the annual fee, divided by 365.

Moneyfarm regularly reviews and manages your portfolio to ensure it remains invested in a way that meets your personal investment goals and risk profile.

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Is Moneyfarm Right for Me?

  • Moneyfarm provides low-cost investments in the stock market, with costs kept down through use of ETFs invested across asset classes, geographies and currency exposures.
  • Moneyfarm gives limited advice about your investments at the start, asking a series of questions to determine your knowledge, experience, risk appetite and objectives and recommending a portfolio which is in-keeping with the factors of you profile.
  • However, thereafter, Moneyfarm becomes a discretionary investment manager, which means Moneyfarm will buy and sell your investments on your behalf. If you want more detailed advice on your investments, you should contact an independent financial adviser.
  • ETFs have low management fees and low minimum investment levels, making them an efficient way to invest.
  • Manage your investments quickly and easily online and via Moneyfarm’s dedicated app or on its website.
  • Moneyfarm tracks the performance of its portfolios against the goals of its investor profiles to ensure the portfolios stay on track, rebalancing them whenever necessary.
 

Anything Else I Need to Know About Moneyfarm?

  • While Moneyfarm has no minimum investment, you will need to invest at least £100 before your fund will be invested in the markets and Moineyfarm recommends at least £1,500 is necessary for optimal diversification
  • You can’t build your own portfolio with Moneyfarm – if you want to do that, you’ll have to choose another provider.
  • Currently, Moneyfarm can only open accounts for individuals over the age of 18 living in the UK or Italy.
  • As with all UK investment providers, investments in Moneyfarm are covered by the Financial Services Compensation Scheme up to £50,000.

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As with all investing, capital is at risk. The value of investments can fall as well as rise and you may get back less than you paid in. ISA and pension rules apply.