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  • First socially responsible robo-advisor launches, with millennial money in its sights – New Statesman

    1 February 2018

    Will Dunn      16th Jan 2018

    Robo-advisers are growing fast. The UK’s leading online investment manager, Nutmeg, more than doubled its customers to over 45,000 investors last year while increasing its assets under management to over £1bn. But growing even faster is the trend for millennials to switch banks – Monzo, the UK’s top challenger bank, attracted over 400,000 new customers last year. These financially fickle youngsters spent over £1bn on Monzo’s distinctive luminous-orange cards last year, including more than £66m on entertainment and almost £7m on Pret a Manger.

    Full article here.

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