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

London pushed out of top five wealthiest cities as millionaires exit

London pushed out of top five wealthiest cities as millionaires exit

Comes as Labour cracks down on non-doms

Sahar Nazir
clock 09 April 2025 • 1 min read
BoE governor assures chancellor that UK markets 'are functioning effectively'

BoE governor assures chancellor that UK markets 'are functioning effectively'

Banking system 'resilient'

Linus Uhlig
clock 09 April 2025 • 2 min read
Gilt yields increase as part of sell-off of government debt

Gilt yields increase as part of sell-off of government debt

Investor unloading of US Treasuries drags government borrowing costs higher globally

Jonathan Stapleton
clock 09 April 2025 • 1 min read