Robo-adviser Moneyfarm has seen 16 per cent month-on-month average growth in its client base since it launched in the UK a year ago.
The platform has also seen its client base grow by nearly 150 per cent over the past 12 months.
Moneyfarm’s model portfolios all enjoyed positive performance since the company’s UK launch - ranging from 4.7 per cent to 21.5 per cent.
Since arriving in the UK, Moneyfarm has doubled its number of employees and now boasts an 80-strong team.
Meanwhile the robo-adviser has today (23 February) announced the appointment of Scott Gallacher as chief commercial officer.
Mr Gallacher previously worked at Facebook, Sky and American Express, as well as the Department for Work & Pensions.
In December Moneyfarm appointed Paolo Savini Nicci as chief financial officer and Richard Flax as chief investment officer.
In September 2016 Moneyfarm, which was originally launched in Italy in 2012, announced investment from Allianz which would see the robo-adviser make active funds available through automated advice at some point this year.
The company does not reveal how many clients or assets under management it has.
damian.fantato@ft.com
