Wealth management, reimagined
We create investment solutions that grow and protect
your wealth inexpensively and with maximum transparency.
The Moneyfarm story
Moneyfarm was created to help people make better decisions with their money. So 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.
We’ve received over £60 million in backing from investment giant, Allianz Global Investors, UK private equity firm, Cabot Square Capital, and Venture Capital fund, United Ventures. Together, we work to constantly improve Moneyfarm’s offering so our customers can achieve their financial goals sooner.
With over 30,000 customers across Europe, we’ve helped some retire early, send their children to university, or even buy a new home. We’ve received awards for innovation and fintech, and were voted the UK’s Best Online Direct to Consumer Investment Platform in the 2018 YourMoney.co.uk awards.
Apr 2012 – Moneyfarm launches in Italy
Aug 2012 – Receives investment from United Ventures
Jul 2015 – Moves to UK and receives FCA approval
Nov 2015 – Series A funding with Cabot Square Capital and United Ventures
Feb 2016 – Moneyfarm launches in the UK
Sept 2016 – Receives strategic investment from Allianz X
Feb 2018 – Moneyfarm launches Pension product
May 2018 – Allianz Group becomes lead minority investor in Moneyfarm
How we keep your money safe
Moneyfarm is authorised by the FCA to manage and safeguard your money on your behalf.
We’re covered by the Financial Services Compensation Scheme (FSCS)
Your investments, up to £50,000, are covered by the UK deposit guarantee scheme.
We keep your money separate from our own
Your money is always sent to our segregated client money account, with a reference unique to you.
We check that this money has arrived from your nominated bank account
We ask you to nominate a bank account when you sign up. We’ll use the information you provide to check where that money has arrived from.
We send your money to a custodian bank
This is where your money is stored and where we trade on your behalf. Every trade we make for you carries your unique reference.
Who is responsible for keeping your money secure?
It’s the responsibility of our Operations team to ensure the investment process runs smoothly for our investors across three main areas: onboarding, cash management, and reporting and billing.
United Ventures is a venture capital fund investing in early stage start-ups in the digital sector.
Cabot Square Capital
Cabot Square Capital is a leading investor in British financial services.
Allianz is one of the largest insurance companies in the world, with over 100 years of wealth management experience.
PAOLO GALVANI | Co-Founder and Chairman
Paolo has seen technology disrupt many industries, but financial services has been lagging behind. He co-founded Moneyfarm to reshape the role and old model of the wealth manager. Prior to Moneyfarm, Paolo co-founded prestiamoci.it, working in fintech before it was fintech. Former CEO of Sella Capital Management SGR and Deputy Head of the Private Banking unit, Paolo brings a wealth of experience from both the asset management and investment banking industry.
GIOVANNI DAPRÀ | Co-Founder and Chief Executive Officer
Giovanni believes in the idea that a better customer experience comes from technology and finance working together. He co-founded Moneyfarm with this principle to deliver the best solutions to protect and increase an individual’s wealth over time. Prior to Moneyfarm, he worked at Deutsche Bank AG. Giovanni graduated from Bocconi University with a degree in Finance and has an MSc in Mathematical Trading and Finance from Cass Business School.
ALESSANDRO ONANO | Chief Marketing Officer
Alessandro is a firm believer that high cost investing is destroying individual’s wealth, he joined Moneyfarm to help bring low-cost investing to all consumers. Alessandro has had an international marketing career, working in Paris, London and Milan. In Paris, Alessandro developed the online community Sport4Fun, and most recently Alessandro led the team that launched Betclic to the Italian market.
RICHARD FLAX | Chief Investment Officer
Richard is passionate about using technology to make investing easier and more personalised, so you can build your wealth in the right way over time. Prior to joining Moneyfarm as CIO Richard was a portfolio manager at PIMCO, a global investment management company, he has also worked as an executive director at Goldman Sachs.
PAOLO SAVINI NICCI | Chief Financial Officer
Paolo believes that digital wealth management opens up the asset management industry to bring first class investments to all customers. Before joining MoneyFarm as CFO, Paolo worked as CFO at private equity backed companies across Europe. Paolo has spent his career working in banking and wealth management bringing invaluable experience from JP Morgan, Morgan Stanley and AnaCap Financial Partners.
JAMES CLARK | Director
James is a founding partner of the private equity firm Cabot Square Capital. Cabot Square Capital specialises in providing growth capital and hands-on strategic resources to innovative financial service businesses and is currently investing its fifth fund. Prior to founding Cabot Square in 1996, James was responsible for the establishment and management of Lehman Brothers International Structured and Principal Finance Group.
PAOLO GESESS | Director
Paolo has more than 20 years of venture capital experience. In 2000 he founded JupiterVentures, which has been one of the top quartile Venture Capital firms with over 6x returns. He has finalised several investments throughout Europe, where he acted as board member with a problem solving approach and with a particular attention to HR and Teams’ incentive plan. He is now managing director of United Ventures.
THORSTEN HEYMANN | Director
Thorsten Heymann is Global Head of Strategy at Allianz Global Investors and a member of its Global Executive Committee. In this capacity he is responsible for products, brand development and digitalization as well as corporate strategy.
JUERGEN WEBER | Director
Juergen believes in the combination of the Allianz’ expertise/brand value and the entrepreneurial spirit and agility of Moneyfarm. He is responsible for driving transformation and digitalisation within the Asset Management segment. He has earned the CFA Institute Investment Foundations certificate and brings along a large experience as strategy consultant at McKinsey with a spike in digitalisation, organisational transformation and operations.
PAOLA BONOMO | Advisor
Paola is an independent director, angel investor and advisor in innovation. She has held management positions in multinational companies such as Facebook, Vodafone, eBay and McKinsey & Company. Since 2009, she has invested in technology start-ups with Italian Angels for Growth, the leading business angels group in Italy. Paola was also named as one of the 50 most inspiring women in European Tech in 2015.
MARIO CUCCIA | Advisor
Mario has spent 30 years in the wealth management sector. He was part of the team that designed and developed Banca Fideuram where he became general manager before going on to hold prominent positions at Allianz. Today he is an advisor and consultant to numerous financial organisation and chairs the Borgo San Felice in Siena.
MICHAEL SPENCE | Advisor
Michael is an American economist, professor and commissioner for the Global Commission on Internet Governance. He received the 2001 Nobel Memorial Prize in Economic Sciences, alongside George Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows and market development.