M&G plans European expansion with minority stake in digital wealth manager

clock • 3 min read
M&G plans European expansion with minority stake in digital wealth manager

UK headquartered funds firm M&G has taken a minority stake in digital wealth manager Moneyfarm as part of a broader partnership which will see the launch of a "new investment solution". M&G will use Moneyfarm's ‘platform as a service' to offer an innovative, digital product aimed at the next generation of retail customers in the UK. Moneyfarm and M&G will also explore a range of other opportunities to partner in other European wealth markets. MFM Holding (Moneyfarm), the digital weal...

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