PressNewsFinancialsStakes and investments: Allianz builds digital wealth management with Moneyfarm

Allianz builds digital wealth management with Moneyfarm

Service & Contacts

Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany

Contact overview

Receive the latest Allianz news.

Newsletter

Follow Allianz in the social networks:

Facebook
Twitter
Google+
LinkedIn

  • Contact

  • Newsletter

  • Social Media

  • Allianz to become largest minority shareholder of Moneyfarm

  • Allianz and Moneyfarm aim to broaden availability of digital wealth management

  • Increasing client demand for smart yet easy-to-handle digital solutions

Allianz SE
Munich, May 29, 2018

Allianz Group announced that it is deepening its exposure to digital wealth management through a further investment in Moneyfarm amid rising demand from digitally-native savers and investors.

Building on an initial investment from September 2016, the Group’s asset management unit, Allianz Asset Management, will become Moneyfarm’s lead investor and the largest minority shareholder.

Allianz-laptop-piggybank

“Allianz and Moneyfarm have a common goal to broaden the availability of digital wealth management to savers and investors in a number of markets. We see increasing client demand for smart yet easy-to-handle digital solutions, particularly when it comes to a holistic management of their investments,” said Jackie Hunt, Member of the Board of Management of Allianz SE, responsible for Asset Management and U.S. Life Insurance. “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. Beyond this, Moneyfarm will complement capabilities and selected products of Allianz’s asset management and insurance entities with its existing product offering.

Moneyfarm customers register online through their dedicated platform, taking a questionnaire to assess their risk-appetite, investment time-horizon and the amount they are investing against their current wealth. The information provided is then used to construct a proposed portfolio that fits the client’s needs.

“Digital wealth management is of increasing interest and relevance to individuals looking to invest for their future. By partnering with Moneyfarm, with whom Allianz Global Investors has been working since 2017, we see the opportunity to combine their digital wealth management knowhow with our expertise in active investing and risk-optimization to create something compelling for clients,” said Andreas Utermann, CEO of Allianz Global Investors. “We believe that this will increase the availability of active investment knowhow in a cost-effective and easy to access structure.”

Following the additional investment, Allianz will hold two seats on the board of Moneyfarm. The transaction remains subject to regulatory approval.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 88 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenue of 126 billion euros and an operating profit of 11 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.



Privacy Note

Allianz SE is committed to protecting your personal data. Find out more in our Privacy Statement.

About Moneyfarm

Moneyfarm is a digital wealth manager that provides a unique combination of simple investment advice and discretionary management to help people grow their wealth over time. First launched in 2012 and headquartered in the UK, it simplifies investments and offers advice on diversified portfolios to deliver sustainable growth through a range of asset classes. Operating through an online platform, Moneyfarm’s approach to investment combines human empathy and financial expertise with the efficiency of technology to deliver cost-effective advice and investment solutions to every user. Regulated by the FCA, it is a fast growth company with more than 27,000 active investors and is well backed having secured close to £60 million in capital. The company is led by co-founders Paolo Galvani and Giovanni Daprà.

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

  Press contact

Petra Brandes
Allianz SE
Phone: +49 89 3800 18797

Send email

Sarah Einig
AllianzGI
Phone: +44 20 3246 7846

Send email

  More at allianz.com

California Wildfires 2018: Reign of Fire

Allianz-California Wildfires 2018: Reign of Fire
Aug 14, 2018 | Allianz SE

Wildfires in California have burnt through 820,000 acres so far this year. As the U.S. state battles the blaze, is it time to accept that bigger and more frequent wildfires are the new normal?

More...

Allianz reports strong results for 2Q 2018 and confirms full-year outlook

Allianz-Allianz reports strong results for 2Q 2018 and confirms full-year outlook
Aug 03, 2018 | Allianz SE

After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations. 

More...

Allianz World Run 2018: Run Lola Run

Allianz-Allianz World Run 2018: Run Lola Run
Jul 31, 2018 | Allianz SE

Pull up your socks and dust off those shoes. The Allianz World Run 2018 has begun and you’re invited to be a part of the fun run to good health.Over the past two years of the Allianz World Run, more than 22,000 Allianz employees from 55 countries ran 2.75 million kilometers, each year smashing the record for the “longest cumulative distance run by one team in 90 days”. This time around, the event has been opened to everyone as Allianz aims to inspire more people to get moving. 

More...
More...