(Tiper Stock Exchange) – Money farman independent financial consultancy company with a digital approach, has passed the milestone of 4 billion euros in assets under management (+42% year on year as at 28 August 2023) and 125,000 customers (+35% year on year as at the same date) thanks to a positive growth trend for internal and external lines. Pushing the data was theacquisition of Profile Pensions (announced in December 2022 and finalized in late July 2023), a leading digital pension advisor in the UK, with the simultaneous integration of over €1 billion in assets under management and around 24,000 clients.
In the first half of 2023, Moneyfarm still recorded a organic growth 15% of the masses and 15% of customers
active, reaching over 100,000, on a base of over 650,000 users.
“Reaching the goal of 4 billion euro of assets under management in a period of volatility and uncertainty on the markets is not only a reason for satisfaction, but it is also proof that our business model, made up of human skills combined with the most advanced digital technologies, is appreciated by an ever-growing number of investors, above all by those seeking an innovative and aware approach to asset management,” he commented Giovanni Daprà, co-founder and CEO.
“The recent completion of the acquisition of Profile Pensions considerably strengthens Moneyfarm’s leadership in Europe and I am sure it will bring considerable benefits to our clients, since they will be able to count on further strengthened pension consultancy, in terms of professionals and skills”, he added.
In the updated picture of the customer base Moneyfarm, the company reports some changes compared to 2022. Women grow by 13% and great dynamism is recorded among investors belonging to Generation Z, i.e. those born between 1996 and 2010: as at 30 June 2023 they represent almost 10% of the customer base, posting growth of over 16% over the same period last year. Millennials remain the largest demographic, with 42% of the customer base aged 28-42.
(Photo: Joshua Mayo on Unsplash)