Moneyfarm acquires German robo-advisor vaamo

In November 2018, Italian British robo-advisor Moneyfarm, a digital wealth manager providing diversified ETF-based portfolios, announced in November that they have acquired German vaamo, a small independent robo-advisor founded in 2013, and effectively expand their business to German B2C retail market.

FT Partners, financial and strategic advisor to Moneyfarm, announces that “Moneyfarm and vaamo will continue to service their respective clients, and vaamo will operate under its brand for the time being.”

Vaamo is described as “Germany’s first independent digital wealth manager,” and vaamo has existing partnerships “partnerships with digital bank N26 and 1822direkt, the online arm of German bank Frankfurter Sparkasse.”

Vaamo established a partnership with N26 in July 2016, and with 1822direkt in late 2016.