Italian robo-adviser launches in UK

Offering fee- and commission-free service

Italian robo-adviser MoneyFarm has launched a service for investors in the UK as it aims to become a leading digital wealth manager in Europe.

The firm was launched in Italy in 2011 and has over 60,000 active investors. It is now looking to expand its presence in the UK wealth management space. It will launch a fee- and commission-free service for those investing less than £10,000 or more than £1m in savings. For investments between £10,000-£100,000, the fee is 0.6%, which then falls to 0.4% for investments between £100,000-£1m.   The MoneyFarm Stocks and Shares ISA will also be offered to customers at no managment cost for the remainder of the 2015/16 ISA season. There are six portfolios on offer to investors which ar...