Allianz Global Investors (AGI) and robo-adviser Moneyfarm are to provide access to active wealth management at institutional cost to UK employees of Allianz companies.
The offering to UK Allianz employees is the first move since German insurer Allianz announced its strategic investment in Moneyfarm last year.
For Moneyfarm, it also represents the creation of an active management business to run parallel to its wider passive-led wealth management activity for consumers.
Described as an “industry and European first”, the two organisations have developed an active wealth management solution called ‘Moneyfarm powered by Allianz Global Investors’.
The product, “which was built in just three months”, will combine Moneyfarm’s digital customer experience and investor profiling with AGI’s active investment management. Portfolios will be made up of AGI and Pimco funds at a rate of fees usually only paid by large institutional investors.
Moneyfarm’s main website will continue to offer portfolios built from ETFs to the public.
“The launch of this programme in the UK is an exciting first step in our partnership with Moneyfarm, giving our UK-based colleagues access to professional investment management via a fully digital platform using actively managed Allianz Global Investors funds,” said Tobias C. Pross, regional head at AGI.
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