Nutmeg has been rebranded as J.P. Morgan Personal Investing, please see their review page for more information.
Nutmeg Customer Reviews
Tell us what you think of this provider.
Use with caution
Based on experience
1. Some of their advisors clearly do not understand their products and oversell – this resulted in them paying a small amount of compensation.
2. As an illiterate their website is full of information but difficult to comprehend
3. Spreading your funds over several risk profiles and types of management highlights the differences in performance – over the last year the highest risk Smart Alpha funds have done well
4. In comparison with other managers – like Aviva and Pru their charges are much lower – you also avoid IFAs charges – which over the long term can have a huge effect on the value of your portfolio. Don’t look at their annual charges – consider what they will cost over 20 years or whatever and compound the growth – you will be shocked. Consider very carefully if the IFA adds any value after the initial advice but they still get their percentage year after year.
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
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.
To contact Richard, please ask a question in our financial discussion forum.
