Allianz targets growth in digital wealth management with stake in Moneyfarm

By Johan De Mulder

Allianz has increased its stake in the digital investments disruptor Moneyfarm, becoming its largest minority shareholder.

The German giant is strengthening the partnership as it looks to become a leader in digital wealth management, the area in which Moneyfarm has established a niche since being founded by Paolo Galvani and Giovanni Daprà in 2011.

Utilising artificial intelligence, Moneyfarm's digital platform generates bespoke investment advice for its clients. Through information gathered from a questionnaire, the AI constructs a proposed portfolio that fits the client’s needs.

See also:


"Allianz and Moneyfarm have a common goal to broaden the availability of digital wealth management to savers and investors in a number of markets," said Jackie Hunt, Member of the Board of Management of Allianz. "We see increasing client demand for smart yet easy-to-handle digital solutions, particularly when it comes to a holistic management of their investments."

"By intensifying our partnership, we can offer personalized investment solutions through this sophisticated digital channel for a growing client base."

As part of a UK pilot, Allianz has been offering its UK-based employees the opportunity to invest via Moneyfarm in actively managed funds of the Group’s two asset managers, Allianz Global Investors and PIMCO. Following the additional investment, Allianz will hold two seats on the board of Moneyfarm.

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy