Nutmeg Investing App Review
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 addition charged by the investment fund managers of around 0.2% and the market spread on buying and selling portfolios is on average 0.07%. More information on fees and products can be found here.
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
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Pricing
(4)
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Market Access
(3)
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Online Platform
(4.5)
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Customer Service
(4.5)
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Research & Analysis
(4)