" class="no-js "lang="en-US"> New Digital Financial Advice Service - OpenMoney - Fintech Finance
Sunday, September 25, 2022

New Digital Financial Advice Service – OpenMoney

A new digital financial advice service, OpenMoney, launches this week designed to make simple financial advice accessible to all and to help people understand how to manage, save and invest their money.

Unlike many money management services on the market, OpenMoney will enable its customers to access a financial support team between 9am and 8pm, Monday to Friday, to discuss their savings and investments with regulated advisers.

OpenMoney customers will be able to use this digital financial advice service to manage their spending and savings in order to help them prepare for longer term investments.

As part of the financial advice offering, the OpenMoney service will provide tailored recommendations on how to pay off debts, reduce spending and build up cash savings, as well as providing customers with tools to help them stay on track with monthly budgets.

Anthony Morrow, CEO and co-founder of OpenMoney, said: “We believe that it doesn’t matter how much or how little money you have; it’s easy for any of us to get caught in financial cycles, and it can be a struggle to get out of them.

“That’s why we’ve launched OpenMoney. We want to provide our customers with tools and information they need to break their cycles and make it easier for everyone to achieve their goals with access to financial advice.

For those who are in a position to invest their savings, OpenMoney will recommend the best options tailored to each individual customers’ needs and will allow customers to keep track of their investments and manage their own portfolios. The investment service will cover stocks and shares ISAs, personal pensions, as well as general investment management.

Customers who use the service to invest their money will pay a low fee of 0.53% for their tailored financial advice and will have unlimited access to OpenMoney’s qualified financial advisers at no extra cost. By comparison, traditional adviser fees average at 2.56%.*

Anthony added: “OpenMoney will allow people to see a 360-degree view of their finances, as well as provide personalised recommendations from our qualified financial advisers about the best ways to improve our customers’ financial situation. Whether you’re looking to save for the future, build up your cash in case of emergencies or simply understand where your money goes every month, we’re here to help you.”

More information can be found at: http://www.open-money.co.uk/

  1. Achieve launches new brand and expanded suite of offerings Read more
  2. Royal Park Partners on track to double revenue in 2022 as it celebrates third birthday Read more
  3. Weavr Announces Win-Win for Security and Convenience to Drive Crucial Embedded Finance Adoption Read more
  4. N26 becomes the first neobank to join Bizum Read more
  5. TerraPay and NPCI International collaborate to drive seamless merchant payments via UPI-enabled QR codes Read more