Octopus Money appoints Dan Marsh as new CEO. Octopus Money has announced the appointment of Dan Marsh as chief executive officer, subject to regulatory approval. Marsh has worked for Octopus since 2014 and is a regulated financial adviser. He is also chair of Octopus divorce service amicable and Octopus Legacy. Previously, he was chief strategy officer at Octopus Money, which has now grown to almost £5bn of AUM and 165,000 clients. Marsh said: "Too many people are still locked out of accessing good financial help, despite money being one of the biggest sources of stress in their lives. Octopus Money has the platform, the people and the purpose to change that. "My focus is on continuing to scale the incredible customer outcomes that we have already proved we can deliver, so we can make a meaningful impact on UK financial resilience." Marsh succeeds Ruth Handcock, who will step down after eight years with the Octopus Group. Handcock has decided to take on a challenge outside the business, but she will remain on the board of Seccl, the Octopus-owned investment platform that powers Octopus Money's service. In August 2025, Octopus Money purchased Virgin Money's investment business in order to significantly accelerate its growth in the direct-to-customer (D2C) wealth market. The deal added 150,000 customers to Octopus Money's business. Octopus said it will strengthen its position as the "only D2C investing platform in the UK to combine digital access to investments with human-led financial planning that's accessible to all". Octopus Money was founded to give people greater confidence about their financial future, and close the gap that has left millions without access to money advice.

Around 150k customers moved to Octopus Money as it completes Virgin Money investment arm purchase. Financial coaching firm Octopus Money has completed its acquisition of the investment business of Virgin Money to create a direct-to-consumer investing platform. The firm has rebranded Virgin Money's platform to Octopus Money Direct, and has some £3.8 billion in assets under management. With the acquisition, Octopus Money has taken on around 150,000 customers from Virgin Money. The deal, agreed back in August, has now received approval from the Financial Conduct Authority. It says it has no major changes to the platform planned in the short term. Octopus Money is a spinoff of Octopus Investments, which is part of the Octopus Group alongside Energy giant Octopus Energy. Octopus Money offers financial coaching and financial advice, and is often offered through company employee benefit schemes. The new brand is still supported by the same teams, Octopus said, with customers that have migrated from Virgin Money seeing no change to the service Ruth Handcock, chief executive of Octopus Money, said: 'We're delighted to welcome Virgin Money Investments' customers and team to Octopus Money. 'These investors have already taken important steps to secure their financial futures, and we're committed to giving them access to the tools and 1-to-1 support they need to feel confident about their money.' Octopus Money says the deal strengthens its position as 'the only D2C investing platform in the UK to combine digital access to investments with human-led financial planning that's accessible to all.' How this is money can help. Octopus launched its own investment platform two years ago, and has built tens of thousands of customers. This acquisition, however, significantly accelerates its movement in the area. The new brand is still supported by the same teams, Octopus said, with customers that have migrated from Virgin Money seeing no change to the service. In August, Hancock said: 'Our investment platform has always been closely tied to our mission - helping people feel confident they'll have enough to live the future they want. 'Customers love being able to talk to a friendly expert, build a long-term plan and manage their investments all in one place. 'We're thrilled to be expanding this part of the business by welcoming the brilliant team and customers from Virgin Money Investments - a company that shares our belief in making it easier for people to invest. 'Together, we'll reach even more people with high-quality advice and straightforward, affordable investing - powered by smart technology and a human touch.' Diy investing platforms. Hargreaves lansdown. Free fund dealing and investment ideas

London, Tuesday 5 August 2025 – Octopus Money today announced that it has agreed to purchase Virgin Money’s investment business, subject to FCA approval – a move that will significantly accelerate its growth in the direct-to-customer (D2C) wealth market. The deal will add 150,000 customers to Octopus Money’s fast-growing business. Once completed, it will strengthen […]