View more on these topics

Moneyfarm takes on Nutmeg with fractional ETF launch


Online investment manager Moneyfarm is looking at offering fractional dealing for its exchange-traded funds in a move to rival robo-adviser Nutmeg’s launch earlier this year.

Fractional share trading enables platforms to buy just a small proportion of an ETF costing as little as one penny rather than whole shares that could cost up to £100 each.

Moneyfarm, which launched in the UK in February, has six portfolios made up of ETFs only.

Products are fee and commission free for the first £10,000 invested and for savings over £1m.

Moneyfarm head of asset allocation Marco Jean Aboav says: “We are thinking about it. We don’t have a timeline yet but it is an interesting solution for micro investments.

“However, we think our platform can already offer a solution for small savers.

“There are some technological aspects to consider, but since we are mainly a technology business things could speed up according to opportunities in the short to medium term.”

Technology provider Winterflood Business Services also introduced fractional dealing in July after Nutmeg rolled it out in March.

In November, Novia Financial also confirmed it will offer fractional dealing for ETFs on its discretionary service Copia Capital Management by the end of the year.




Nutmeg secures £30m fundraising led by Hong Kong IFA

Nutmeg has secured backing from investors of £30m, which it says is the largest fundraising exercise by a financial technology company since Brexit. Hong Kong financial advisory firm Convoy Global Holdings led the investments, which will fund growth in the UK and help a possible expansion in Asia. Existing investor Schroders also participated in the […]

Robo-advisers hit back at claims they face battle for survival

Robo-advisers have challenged a report earlier this week which argued that current robo-advice firms will be overtaken by established finance or technology brands. In its report, analysts at asset manager Bernstein said that the “Uberisation” of asset allocation could present a threat to new firms that have entered the automated advice market. Bernstein believes that the […]

FAMR – a familiar response

Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm