+1 to this idea. Pick a few tracker ETFs with low fees (global tracker, uk tracker), offer them to monzo users as a fixed fee S&S ISA pot for monthly saving - instant investment for beginners, without all the jargon, worthless advice and percentage fees associated with traditional investment or robo advisors. I assume this is what the poll means by ‘packaged investment’ though I doubt many would know what that means.
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Interesting to see integrations like Onedox at 33%. Did we ever find out why that was dropped?
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No, but I’d guess at a business model clash / Monzo’s focus being somewhere…
It seems I’ve given this more thought before:
Also, @simonb offered to find out more:
Simon, is there anything that you can share?
I was told from the partnerships team that we aren’t onboarding any non-AISP partners to our API just yet. Once we’re in a position to do this then a direct Onedox integration should be possible
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Fantastic, thanks for letting us know. And an eminently sensible strategy to boot!
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