Moneyfarm set to buy digital pension adviser Profile Pensions
The deal, which is subject to regulatory approvals, is expected to close in H1 2023.
The deal, which is subject to regulatory approvals, is expected to close in H1 2023.
Also, M&G use Moneyfarm’s technology to create its own branded proposition.
All eligible accounts will be transferred to Moneyfarm in January.
The pair plan to create a joint offering for customers in Italy and the UK.
Moneyfarm aims to build “a more financially secure future”.
The wealth manager will use this to drive expansion into Germany.
This not so little asset manager went to a new market.
Takes UK digital wealth manager’s capital to £60m.