Customer Reviews
Want to transfer out? Be prepared for every trick in the book to prevent you.
It seems that Nutmeg simply want to delay a pension transfer out for as long as they can.
A constant stream of non-committal messages, that seem to take forever in the first place,
I asked for a complaint to be raised and they also can’t be bothered to do that either.
How they can get away with this constant lack of service is beyond me, but when a complaint is finally initiated I intend on letting them explain their lacklustre service to FOS, as based on the postings of other people, they clearly don’t learn.
Abysmal.
Best investing platform
I love the ease of the app and the clarity of customer services help whenever needed.
Good investment broker
User friendly of nutmeg app.
You can see your real profit on your investment
Good strategy
Good strategy
No fuss, easy to use.
No fuss, easy to use.
Small returns but I invest…
Small returns but I invest for longterm
Easy and simple platform, changes…
Easy and simple platform, changes can take a while, but easy enough.
Good all round
Good all round
Easy to use and decent…
Easy to use and decent returns
Less experienced with this platform…
Less experienced with this platform but seems OK.
Easy to use
Easy to use
providing reasonable long term growth…
providing reasonable long term growth with reasonable fees
Good website and strong performance….
Good website and strong performance. Assessment of personal risk is carried out well.
Very efficient and excellent portfolio…
Very efficient and excellent portfolio management
Using as a comparison with…
Using as a comparison with Moneyfarm
Easy
Easy
Truly terrible service and zero…
Truly terrible service and zero support for very high fees.
Good
Good
i dont know enough
i dont know enough
Safe
Safe
Expert Review
Name: Nutmeg
Description: Nutmeg were among the first digital wealth managers set up in the UK, known as “robo-advisors”. Despite the term robo-advisors being used, it is an investment team that makes the investment decisions. The term robo-advisors refers more to taking the process of building a diverse portfolio automatically online.
Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.
Is Nutmeg any good for investing?
Nutmeg is a very easy and low-cost way to invest in a range of diverse pre-made portfolios created by experts and are part of J.P. Morgan.
- Investments: 5 investment styles are made up of 34 individual portfolios
- Account types: GIA, ISA, Pension, JISA, LISA
- Management fee: 0.75% to 0.45%
Fees: Nutmeg charge 0.75% for their managed portfolios which drops to 0.35% for balances over £100k. For their fixed allocation portfolios, they charge 0.45% dropping to 0.25% for balances over £100k. For all portfolios, there is an addition charged by the investment fund manager of around 0.2% and the market spread on buying and selling portfolios is currently between 0.04% and 0.09%. More information on fees and products can be found here.
Pros
- Great for beginners
- Risk-based funds
- Socially Responsible Portfolios
Cons
- High £500 minimum investment
- 0.75%* account fee higher than Wealthify
- Cannot invest in individual shares
-
Score
(4.5)
Overall
4.5Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.
Nutmeg Facts & Figures
| ⬜ Public Company | ✔️ (owned by J.P. Morgan) |
| 👉 Number Active Clients | 200,000+ |
| 💰 Minimum Deposit | £500 |
| 💸 Client Funds | £4.5 billion+ |
| 📅 Founded | 2011 |
Account Costs | |
| ➡️ Investment Account | 0.45% – 0.75% |
| ➡️ SIPP | 0.45% – 0.75% (managed pension) |
| ➡️ Stocks & Shares ISA | 0.45% – 0.75% |
| ➡️ Junior ISA | 0.45% – 0.75% |
| ➡️ Lifetime ISA | 0.45% – 0.75% |
Dealing Costs | |
| ➡️ UK Shares | ❌ (but they are included in their managed portfolios) |
| ➡️ US Stocks | ❌ (but they are included in their managed portfolios) |
| ➡️ ETFs | ❌ (but they are included in their managed portfolios) |
| ➡️ Bonds | ❌ (but they are included in their managed portfolios) |
| ➡️ Funds | ❌ (but they are included in their managed portfolios) |
Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.
Is Nutmeg good for Junior ISA investing?
Yes, Nutmeg is a very simple way for you to invest for your children in a Junior ISA for when they turn 18. Nutmeg’s JISA portfolios are linked to the stock markets which typically outperform cash interest rates and inflation. But, the stock market can be choppy and sometimes goes down, so if you don’t
Is Nutmeg’s pension any good?
Yes, it is safe to invest in a pension with Nutmeg as they are regulated by the FCA an owned by J.P. Morgan (one of the largest banks in the world). However, there is risk with all investing and all pensions are linked to the stock market so there is a risk that at some
What are you actually investing in with Nutmeg?
Nutmeg is one of the most popular robo-advisors in the UK. And for good reason – over the long term its ready-made portfolios have performed very well. But what does Nutmeg actually invest in? Let’s take a look under the bonnet of this robo-advisor. Nutmeg’s ready-made portfolios With Nutmeg, there are five different types of
Nutmeg Introduces Thematic Portfolios
Nutmeg the discretionary investment manager now owned by JP Morgan has added a new thematic portfolio style to its range of products. New Nutmeg Thematic Portfolios The new Thematic Portfolios, from the investment manager, will allow Nutmeg clients to put their money directly into the trends and themes that will shape our future. Nutmeg will
John Lewis partners with Nutmeg to offer investment and savings
The John Lewis Partnership, the owner of department and grocery stores beloved by UK middle-class professionals, is branching out into financial services, through a joint venture with Robo adviser Nutmeg Investments. The retailer will offer its customers access to Stocks and Shares ISAs, Junior ISAs and a general investment account. John Lewis already offered credit
JP Morgan buys Nutmeg for £700m as it moves into UK digital banking
US banking giant JP Morgan made a surprising move by announcing the acquisition of Nutmeg, subject to regulatory approval, for an undisclosed sum. Nutmeg was one of the first investment platforms in the UK to embrace so-called Robo-advice, and it has amassed more than 130,000 clients and is currently managing around £3.50 billion in assets.
Nutmeg FAQ:
Yes, Nutmeg is regulated by the FCA which means that your funds may be protected (up to a point) by the FSCS. However, it’s important to note that when you invest the value of your portfolio can go up as well as down.
Using a fully managed investment account is worth it if you are not confident in choosing specifically what you want to invest in for your future. By using a managed platform like Nutmeg, they regularly adjust your portfolio to balance risk.
Nutmeg’s fixed allocation fees are some of the lowest in the industry and cheaper than Wealthify and Moneyfarm, However, their other portfolios are slightly higher. You can compare robo-advisor fees here.
Nutmeg invest in ETFs to build globally diversified portfolios, these are tailored to your goals and risk profile, and invested in exchange traded funds (ETFs). ETFs are a great way to invest as they follow the stock market and give you exposure to a wise range of investments without having to buy each one. You can read more in our guide to ETFs.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
