Moneybox expands its investment offer with the launch of American shares

Moneybox, the app-based digital wealth manager, has further enhanced its investment proposition by launching individual stocks alongside its current range of diversified tracker funds and ETFs.

Enabled by Drivewealth, initially 20 US stocks will be available to customers through the Moneybox Stocks & Shares ISA. Along with the selection of tracker funds and ETFs, Moneybox clients can customize their investment allocations in line with their values ​​and goals.

Moneybox helps people build wealth with confidence, regardless of their starting point and offers a range of products and services across savings, investment, home buying and retirement, all in one easy-to-use app, backed by award-winning technology and customer Support.

Caroline Murphree, Moneybox MD, Investment, Savings and Retirement, said; “We built Moneybox into what it is today by listening to feedback from our customers. The ability to buy individual shares has been one of our most requested features for some time. Stocks and shares ISA customers can now choose to buy shares in the way that suits them best, either regularly with weekly purchases, to smooth out the effects of market volatility, or through one-off purchases. They also have the opportunity to build up their holdings of a particular stock over time in fractions.”

The first selection of US stocks to launch includes 20 of the biggest and best-known US companies, including Amazon, Apple, Tesla and Microsoft, as well as brands such as Coca-Cola, JPMorgan Chase & Co, Nike, McDonald’s and more.

“Historically, investing has been one of the best ways to grow your money over time and to counter inflation. In today’s environment, it has never been more important to diversify investments to mitigate the impact of market volatility. At Moneybox, our mission is to help people to build wealth with confidence, and our investment proposition focuses on providing an accessible, intuitive platform and a wide range of products, tools and information to help people build a well-diversified, long-term portfolio” Caroline continued.

Following a successful 35m Series D raise in March 2022, Moneybox has seen steady growth in both customer numbers and AUA. It now supports a community of more than 900,000 people to save and invest in what matters to them and has over £3bn of assets under management.