Moneyfarm
London managed investing with ISA, JISA, SIPP and GIA portfolios plus a DIY option
Quick Overview
| Company | MFM Investment Ltd (trading as Moneyfarm) |
|---|---|
| Category | Robo-Advisors |
| Headquarters | London, United Kingdom |
| Founded | Not stated |
| EU Presence | Yes - United Kingdom (FCA regulated) |
| Data Location | not stated on the pages we read |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Managed ISA, JISA, SIPP and GIA portfolios, DIY Investing, Qualified Wealth Manager support |
| Pricing | Wealth: 0.45% management fee plus 0.25% platform fee a year, plus instrument costs up to 0.21%; DIY: GBP 3.95 per share, ETF or fund trade |
| Best For | UK savers who want managed ISA or pension portfolios with human support |
| Replaces | Betterment |
Detailed Review
Moneyfarm is a UK investment service run by MFM Investment Ltd, authorised and regulated by the Financial Conduct Authority under firm reference 629539. The registered address is 90-92 Pentonville Road, London, and the company number is 09088155.
Moneyfarm offers two products. Wealth is a managed service with ISA, JISA, SIPP and General Investment Account portfolios. DIY Investing is a self-managed account for shares, ETFs, funds and bonds.
Managed portfolios in Moneyfarm Wealth
Moneyfarm Wealth builds managed portfolios inside an ISA, JISA, SIPP or General Investment Account. Moneyfarm states that managed accounts come with a dedicated Qualified Wealth Manager for support.
Moneyfarm states there are no entry or exit fees, withdrawal fees or top-up fees on the Wealth product.
Fees in Moneyfarm Wealth and DIY Investing
Moneyfarm lists a 0.45% a year management fee and a 0.25% a year platform fee on Wealth accounts. Instrument costs of up to 0.21% are added on top.
Moneyfarm DIY Investing charges GBP 3.95 flat per share, ETF or fund trade and GBP 5.95 per bond trade. The ISA custody fee is 0.35% a year, capped at GBP 45.
Moneyfarm as a European alternative to Betterment
Moneyfarm gives UK residents a managed service in pounds under FCA rules, where Betterment is a US adviser regulated by the SEC. Moneyfarm does not state a free plan or minimum on the pages we read.
Limitations to Consider
Moneyfarm's own example for a GBP 20,000 managed portfolio totals up to 0.91% a year once instrument costs are included, which is higher than the flat 0.25% of Betterment's base tier. DIY share purchases carry 0.50% stamp duty on UK shares, and currency conversion costs 0.70%. Compare with InvestEngine for lower platform fees.
Who Should Use Moneyfarm
UK savers who want managed ISA, JISA or pension portfolios with named human support, and are willing to pay a layered fee for it.
Pros and Cons
Pros
- FCA-regulated UK firm with company number published
- Managed ISA, JISA, SIPP and GIA in one place
- Qualified Wealth Manager support on managed accounts
- No entry, exit, withdrawal or top-up fees on Wealth
- DIY Investing available for self-managed portfolios
Cons
- Total managed cost reaches up to 0.91% a year in the page's example
- DIY trades carry flat fees per trade
- UK shares carry 0.50% stamp duty and currency conversion costs 0.70%
- Hosting location and free plan not stated on the pages we read
Alternatives to Moneyfarm
Other European robo-advisors worth comparing before you decide:
Scalable Capital
Germany · Munich broker with savings plans and own ETFs
quirion
Germany · Berlin robo-advisor with managed ETF portfolios
Indexa Capital
Spain · Madrid index-fund robo-advisor with pension plans
InvestEngine
United Kingdom · UK ETF platform with free DIY and managed portfolios
See all European robo-advisors or compare them directly against Betterment on our alternatives page.
Frequently Asked Questions
Yes. Moneyfarm is the trading name of MFM Investment Ltd, a UK firm authorised by the FCA, and it offers managed ISA, JISA, SIPP and GIA portfolios. Betterment is run from New York.
Moneyfarm lists a 0.45% a year management fee and a 0.25% a year platform fee on Wealth accounts, plus instrument costs up to 0.21%. DIY Investing costs GBP 3.95 per share, ETF or fund trade.
No. The Moneyfarm pricing page states there are no entry or exit fees, withdrawal fees or top-up fees on the Wealth product.