Licensed global broker Saxo Bank UK has partnered with Moneyfarm, a digital wealth manager, to launch a mutual fund portfolio for M&G Wealth &me clients.
Leading online trading specialist Saxo Bank Group in the UK has signed a strategic partnership with digital wealth manager Moneyfarm to introduce a portfolio of mutual funds for clients of M&G Wealth &me.
The multi-asset trading and investment services provider is also a Moneyfarm custodian, serving over 876,000 clients worldwide with over £69 billion in client assets.
Moneyfarm provides access to actively managed funds that invest in the equities of some of the world's finest investment managers, including Federated Hermes, First Sentier, iShares, MandG, Manulife, Pictet, PIMCO, Robeco, and Wellington.
The partnership with Moneyfarm provides its clients with specialized client relationship management, portfolio management, and investment advisory services. M&G Wealth offers pieces of advice to Moneyfarm on the composition and rebalancing of risk-weighted portfolios. Traders have access to several classic or targeted portfolios investing in a mix of active and passive funds.
The new investment fund portfolio offering will enable Saxo to strengthen its presence in the UK wealth management industry. Saxo welcomes and continues to explore partnership and white-label opportunities across the UK.
"We are pleased to support the launch of the new Moneyfarm B2B2C service offering a portfolio of mutual funds to M&G Wealth &me clients. Saxo's focus on Win, Win results mean our interests align with that of our partners, and we are committed to completing their most important projects as quickly as possible," commented the Head of Institutional Sales, Saxo UK, Christine Kiener.
"The ongoing partnership with Saxo combines the scale and experience of an established player with the agile and innovative nature of the digital fintech business," commented Giovanni Dapra, Moneyfarm CEO.