Digital wealth manager Moneyfarm has joined the ranks of such firms managing in excess of £1 billion in assets, it announced this week.

Headquartered in the UK, the firm serves 45,000 people across Italy, Germany and the UK.

Its largest UK competitor, Nutmeg, announced in January that its client assets had exceeded £2 billion for the first time.

Paolo Galvani and Giovanni Daprà

Moneyfarm said its AUM almo...