eToro expanded ISA Offering with a new do-it-yourself
(DIY) investment option for investors looking for more flexibility in
tax-efficient investing in the UK.

According to the company’s announcement, eToro expanded
its Stocks and Shares ISA lineup with the introduction of a DIY ISA to enable clients
to build and manage their own investment portfolios.

Expanding Offerings in the UK

“As the most
tax-efficient investment vehicle in the UK with an annual allowance of up to
£20,000, ISAs are an essential tool for investors, especially with the capital
gains tax allowance now limited to just £3,000, Dan Moczulski, the Managing
Director of eToro UK, said.

The new offering, supported by Moneyfarm, reportedly allows
investors to choose from over 1,000 assets, including UK stocks, ETFs, mutual
funds, and bonds with global exposure.

eToro’s new DIY ISA allows clients to take a hands-on
approach to investing within a tax-free wrapper. Investors can select
individual stocks or diversify through funds and bonds, tailoring their
portfolios to their financial goals.

The DIY ISA complements eToro’s existing managed ISA,
also powered by Moneyfarm, which provides professional portfolio management for
those preferring a guided approach. The fintech giant mentioned that clients
can use both options, depending on their investment strategy.

Collaboration with Portfolio Managers

Moneyfarm facilitates these transfers, ensuring a
smooth process. Additionally, both the DIY and managed ISAs offer access to
Moneyfarm’s investment experts, helping investors make informed decisions.

He highlighted eToro’s efforts to localize its
offerings, ensuring UK investors can choose between self-managed and
professionally managed investment strategies within a tax-free framework.

“While eToro is a global platform, we are constantly
tailoring and localizing our products to meet the specific needs of clients.
With the introduction of our new DIY ISA alongside our existing managed ISA,
we’re giving UK investors the flexibility to choose the approach that best
suits their goals,” Moczulski added.

The collaboration between eToro and Moneyfarm
continues to evolve. Moneyfarm’s Chief Commercial Officer, Fabio Zampaglione, said:
“The launch of the eToro DIY ISA is a continuation of our collaboration with
them. Our commitment to evolving our B2B2C solutions remains a key area of
growth for Moneyfarm.”

eToro is enhancing its ISA offerings, reportedly to give
UK investors flexibility in managing tax-free investments. The partnership promises
to improve transfers, expert guidance, and a strong foundation for both
self-directed and managed investing options.