For the majority of potential savers and investors, taking professional financial advice is not an option. Some people don’t know where to start or believe they can’t afford it: others just feel ‘unsure’ about seeking financial advice. Even firms offering no-frills, ‘self-service’ investments can make too many assumptions, overcomplicate the subject or fail to explain things properly. And to make matters worse, there are services which only provide guidance on investment products rather than assessing the potential investor’s needs first and then advising on the right solution. Munnypot’s investment advice and management service aims to revolutionise the way people invest towards their goals.
Meet the team
CEO & Co-founder
Andrew has 30 years’ experience in financial advice, wealth management and digital innovation. He co-founded the highly successful advisory firm Cavanagh Group which then acquired Ernst and Young’s advisory arm. The Group was sold to Close Brothers Asset Management in 2011. He served as Head of Wealth Management at Close Brothers, and during his tenure he played a key role in driving the business through a period of successful transformational change before co-founding Munnypot in 2015.
CFO & Co-founder
Simon has 25 years’ experience in the financial services industry. Following his qualification as a chartered accountant, Simon was a fund manager for six years at Henderson Global Investors. This was followed by 11 years as Co-Head of the Equity Capital Markets business of Berenberg Bank. As well as being a co-founder of Munnypot, Simon also runs his own business, Feros Advisers.
Managing Director & Co-founder
Simon has 30 years’ experience in financial advice. He co-founded Cavanagh Group which was successfully sold to Close Brothers Asset Management in 2011. He then served as Head of Advice at Close Brothers for three years playing a key role in driving that business from a loss-making position upon his appointment to a significant profit by the end of year three. During that period, the business was transformed into an integrated and market leading wealth management company. Simon went on to re-join forces with Andrew Fay becoming co-founder and Managing Director of Munnypot in 2015.
Chief Operating Officer
Frankie has over 25 years’ experience in financial services. He worked at Legal & General for 20 years in various roles including acquisitions, start-ups and finally as Operations Director. More recently he managed L&G’s self-directed platform building the business from £2.2bn to £5.5bn AUM in 18 months. In 2012 Frankie joined Close Brothers Asset Management, before joining Munnypot in 2015.
Chief Technology Officer
Chris has 26 years’ experience working in IT. After graduating with a joint Economics and Computing degree his professional career began as a programmer in telecoms. From here Chris transitioned into the banking and defence sectors working across six continents and four industries before becoming the Munnypot CTO.
Head of Regulatory Affairs
Jo has over 15 years of experience in the financial services industry. She joined Munnypot in October 2016 as Head of Regulatory Affairs after eight years at the Financial Conduct Authority (FCA), the Money Advice Service and the FCA’s predecessor the Financial Services Authority (FSA). Prior to that, Jo worked as a Senior European Adviser at the Association of British Insurers.
John has over 15 years of strategy and business development experience across sectors such as private equity, banking, insurance, healthcare, defence, security and transport. Before founding Capita’s corporate venturing business, Capita Scaling Partner, John was a business development director in Capita’s strategic deals team. John’s role in Munnypot is as an both an investor director and to bring to bear the wherewithal of Capita plc. to help Munnypot scale their business.