Robo-adviser Moneyfarm has seen its investor base double to 30,000 , Our questionnaire-based approach will incorporate far more data points to ensure that specific saving requirements, such as the cost of raising a child, are factored in. May. Moneyfarm climb more than 120% to $515m ( $515m ) in the past year to May and revenues reach £1m for the first time, according to its latest results, which also showed total losses increased to £400m ( $18m ). The average first investment size was up more than 120% following the addition of a pension product and the initial investment threshold also rose from £1 to £500. The digital wealth firm plans to provide more personalised product, add lifestyle financial planning to its offering and to extend to cater to couples and families.
Robo-adviser Moneyfarm has seen its investor base double to 30,000 , May. Moneyfarm climb more than 120% to $515m ( $515m ) in the past year to May and revenues reach £1m for the first time, according to its latest results, which also showed total losses increased to £400m ( $18m ). The average first investment size was up more than 120% following the addition of a pension product and the initial investment threshold also rose from £1 to £500. The digital wealth firm plans to provide more personalised product, add lifestyle financial planning to its offering and to extend to cater to couples and families.