Digital wealth manager Moneyfarm has seen its assets under management (AUM) increase by 15% to £2.6bn in the first half of the year, latest results to 30 June show.
It added it had also grown client numbers by 15% to 102,000 in H1 with more than 650,000 users on its platform. It also announced the appointment of Dame Jayne-Anne Gadhia as its chair. The digital wealth manager said its continued growth throughout July and August was down to the acquisition of Profile Pensions, a digital pension consultancy. The deal added £870m in AUM and 24,000 clients to Moneyfarm. During the first half of the year, Moneyfarm signed deals with M&G to launch its &me investment app and online trading platform eToro providing its clients with a discretionary managed...
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