Is this a sign of things to come? Investments and wealth (private banking?) on the way 
Personally feel anything involving āwealth managementā is generally a service of private banking, but maybe thatās old school.
Feels like itās gonna be a big change for Monzo over the coming years 
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It didnāt so much leak as was briefed from Monzo PR as part of the recent raise. Monzoās increasingly corporate these days with behaviours to match. Iāll leave it to you to decide whether those should be encouraged or not.
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Yeah, done right thereās a whole market to democratise access to what was previously for the rich only. Thatās Dozenās mission, but I could see Monzo being particularly successful if well executed.
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I did say most likely old school thinking 
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Good spot. Itās a great idea to build that in to the app. Hopefully theyāll snag an A-player to run the show.
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Hi guys, apologies if posted elsewhere. I saw this on LinkedIn and wondered what info there is on this topic already? Should have quite the impact on valuation if they get it right ā¦
Be interesting to see where this goes, Iāve felt that the āSavingsā & Wealth Mgmt (Budgeting aside) side of Monzo hasnāt really innovated in a while, and has even gone backwards, in my opinion.
What with Trends (if youāre a plustomer etc) and potential for better Saving options (Stocks & Shares ISA? etc) this could help to differentiate them in an increasing un-different market.
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I donāt think these are wealth management per se. I think wealth management is about advice rather than products, only the rich can really expect access to active wealth management!
Although the job add also doesnāt say anything about āwealth managementā. What it says is investment and wealth I.e places to put your excess money (share products, investment ISAs) for people to self-manage their money. Products, not advice.
I donāt see Monzo going into active wealth management anytime soon, I do see them offering investment products / opportunities.
(We are talking about the same thing but good to be clear with terminology in case people think Monzo is becoming Coutts)
I get that they have managed funds but itās still a way off traditional āwealth managementā of the sorts the high end banks provide which would look at all of your wealth and tell you what to invest where (some but not all of that ending up in managed funds).
I wouldnāt get too caught up on the terminology right now. Whoever they recruit would almost certainly properly scope it, but it looks like itās their brief will be to build and investments (and seemingly, insurance) business.
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S&S ISAs and Pensionsā¦
pretty excited for investing pots - iād personally leave freetrade in a heart beat if Monzo started offering ISAs/SIPPs etc.
Iād like it as a pot to be honest, think the simplified look in the all would he good, set your risk tolerance and add funds to the pot and watch it grow,
I like the way moneybox do it
I do love freetrade but hate picking my own stocks, share or funds
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I agree, although not impossible I donāt see Monzo listing as a trader on the LSE anytime soon. Near term, itās surely a partnership with a listed trading firm.
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