What is the Nutmeg app used for and is it any good?

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You can use Nutmeg’s app to invest in a GIA, ISA or pension and track the performance of your portfolios. However, you will be able to do more research and find more information to get a better understanding of the risk and products if you use NUtmeg on a laptop or desktop computer.

Nutmeg Investing App Review
Nutmeg

Name: Nutmeg Investing App

Description: Owned by J.P. Morgan Nutmeg app is a great way to start investing with low to medium risk. The app is easy to use, and you don’t need to make investment decisions as there are pre-made portfolios to choose from.
Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Summary

  • Investments: Pre-made portfolios
  • Minimum deposit: £500
  • Account types: GIA, ISA, Pension, JISA, LISA
  • Management fee: 0.75% – 0.45%
  • Dealing fee: £0

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 additional charge by the investment fund managers 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.


App:

Nutmeg Investment App

Pros

  • Simple investment platform for beginners
  • Regular investing available (one off payment or Direct Debits)
  • Scaled account fees that reduce as your portfolio grows

Cons

  • Cannot invest in individual shares
  • Pricing
    (4)
  • Market Access
    (3)
  • Online Platform
    (4.5)
  • Customer Service
    (4.5)
  • Research & Analysis
    (4)
Overall
4
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