Moneyfarm is an investment robo-advisor, which uses underlying low-cost ETFs to invest clients’ funds. It manages your stock market/ bond investments for you and cuts out the transaction fees associated with investing directly yourself. You set up your investment goals and your risk profile, and their platform allocates your funds to an optimised, low cost investment portfolio. They have no platform fees on the first £10,000 investment and you just pay the underlying ETF fees. Beyond that there are platform fees (I’ll go into more detail and some case studies in this review).
I’ve been investing with Moneyfarm for just over 4 months. I’ve also been using TD Direct Investing, a traditional broker, for more than 5 years. So this review will look at this new robo-advisor through the eyes of someone used to a more manual, hands-on platform. I will compare an investment in a Vanguard LifeStrategy fund via TD Direct Investing with Moneyfarm. Read more “Moneyfarm Review: Robo-Advisors Versus Traditional Brokers”