M&G partners with Moneyfarm in D2C launch

Multi-asset model portfolios

Jenna Brown
clock • 2 min read

M&G is partnering with digital investment firm Moneyfarm to launch its own direct investment service.

It said M&G Wealth, the company's UK wealth management arm, would use Moneyfarm's existing technology and digital capabilities to underpin its own branded proposition. M&G said it was moving into direct investing as the market had seen rapid growth over the last five years, with an average annual increase in assets under management of 18% to reach £351bn by the end of June 2021. Demand for digital investment services now accounts for 19% of all UK direct customers, added the business.  Designed by M&G Wealth, the new direct digital service will be tailored to meet a range of custom...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Trade bodies should sponsor new talent initiatives, industry says

Trade bodies should sponsor new talent initiatives, industry says

‘Trade bodies and FCA are both funded by us so should be giving back more’

Isabel Baxter
clock 15 April 2024 • 1 min read
PA Asks: Is the FCA's funding requirement of £755m reasonable?

PA Asks: Is the FCA's funding requirement of £755m reasonable?

This week’s poll also looks at stress levels and client segmentation

Professional Adviser
clock 15 April 2024 • 1 min read
Adviser interest decreases in income-focused funds

Adviser interest decreases in income-focused funds

According to the quarterly Market Intelligence report from Square Mile

Sahar Nazir
clock 12 April 2024 • 1 min read