Nutmeg Review: Add a little spice to your investments

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Nutmeg is 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.
Richard Berry
Richard Berry
Good Money Guide Founder

Nutmeg Customer Reviews

4.4
4.4 out of 5 stars (based on 626 reviews)
Excellent56%
Very good29%
Average12%
Poor2%
Terrible1%

Easy and simple platform, changes…

22nd June 2024

Easy and simple platform, changes can take a while, but easy enough.

John Kenny

No fuss, easy to use.

28th June 2024

No fuss, easy to use.

Stuart J Duff

Small returns but I invest…

22nd June 2024

Small returns but I invest for longterm

Veronica Houngan

Easy and simple platform, changes…

22nd June 2024

Easy and simple platform, changes can take a while, but easy enough.

John Kenny

Good all round

21st June 2024

Good all round

Kenneth Johnston

Easy to use and decent…

20th June 2024

Easy to use and decent returns

James Davies

Less experienced with this platform…

20th June 2024

Less experienced with this platform but seems OK.

Ian Buchanan

Easy to use

20th June 2024

Easy to use

Michael Nelson

providing reasonable long term growth…

20th June 2024

providing reasonable long term growth with reasonable fees

David Potter

Good website and strong performance….

20th June 2024

Good website and strong performance. Assessment of personal risk is carried out well.

Nigel Moss

Very efficient and excellent portfolio…

20th June 2024

Very efficient and excellent portfolio management

Mauro Baratta

Using as a comparison with…

20th June 2024

Using as a comparison with Moneyfarm

Neill Taylor

Easy

20th June 2024

Easy

Roger Davies

Truly terrible service and zero…

20th June 2024

Truly terrible service and zero support for very high fees.

Dora Krolikowska

Good

20th June 2024

Good

Simon Durham

i dont know enough

20th June 2024

i dont know enough

aida hota

Safe

20th June 2024

Safe

Graham Baker

Good returns very poor support…

20th June 2024

Good returns very poor support and account advice given

Paul Barrett

Good

14th June 2024

Good

Marinos Panayi

Slow to respond and invest.

13th June 2024

Slow to respond and invest.

John Terry

Easy to use

12th June 2024

Easy to use

Jonathan Wood

1/5

8th June 2024
Fred Baton

Too expensive

8th June 2024

Too expensive

Emma Waterhouse

Simple and user friendly

7th June 2024

Simple and user friendly

Paul Goodwin

Well managed, safe hands

7th June 2024

Well managed, safe hands

Kate Bremner

a bit meh; constantly thinking…

6th June 2024

a bit meh; constantly thinking of transferring out

Malcolm Cawood

4/5

6th June 2024
Caroline Matthews

Easy to operate

6th June 2024

Easy to operate

Lesley Findlay-Bill

Well managed and good communication…

5th June 2024

Well managed and good communication on how investment is performing.

David Wilson

The online application process 3…

4th June 2024

The online application process 3 flawed but the personal customer support is excellent. I am very happy with my choice of provider.

David Webb

Nice dashboard

30th May 2024

Nice dashboard

Barry Bowerman

Great customer service

30th May 2024

Great customer service

Sai Patel

5/5

30th May 2024
Sai patel

No idea. Don’t remember clicking…

29th May 2024

No idea. Don’t remember clicking on this

Norman House

.

28th May 2024

.

Nick Fitton

excellent company , platform and…

28th May 2024

excellent company , platform and service

Dr. Richard Priestley

This is a great investment…

27th May 2024

This is a great investment platform. Well organised and use of AI which can make better decisions than us. This is a safe investment

Tim Van Looveren

Great platform for investing

27th May 2024

Great platform for investing

Lee rowbottom

Very proactive

27th May 2024

Very proactive

Dudley Arthur Swift

Easy to use and comprehend

27th May 2024

Easy to use and comprehend

Michael Talbot

easy to use , lots…

26th May 2024

easy to use , lots of regular info updates .

KARL MOORE

I am new to investing….

26th May 2024

I am new to investing. I have been impressed by how straight forward it was to set up an account and I regularly receive information that will help me to understand the economy and how that might affect my investment.

Bernard Fleming

User friendly, great customer support…

26th May 2024

User friendly, great customer support and excellent market update information

Richard Morris

Invested with them back in…

26th May 2024

Invested with them back in 2019 and added more funds in 2021 never have had a problem with them

Martin Cordwell

Excellent customer experience easy to…

26th May 2024

Excellent customer experience easy to use low cost and great service

Timothy Crossley

Really good and easy to…

26th May 2024

Really good and easy to use

Lee Norman

Very easy to use, informative

26th May 2024

Very easy to use, informative

Punam Chada

5/5

26th May 2024
Nicola Watts

Good information and easy to…

26th May 2024

Good information and easy to access

Alfred Lightfoot

great at keeping you up…

26th May 2024

great at keeping you up to date

Peter George

Great, no complaints

26th May 2024

Great, no complaints

Tom Wolff

Simple way to invest

26th May 2024

Simple way to invest

David Sherratt

Easy to use, regular updates,…

26th May 2024

Easy to use, regular updates, monthly info on markets etc

Carolyn Todd

Easy to understand and use

25th May 2024

Easy to understand and use

Lynn Barton

Friendly, down to earth, keep…

25th May 2024

Friendly, down to earth, keep it simple

Charlie Simpson

Excellent app and website, great…

25th May 2024

Excellent app and website, great performance, great value

Anthony Forster

Excellent company

25th May 2024

Excellent company

Stuart Angus

App easy to set up…

25th May 2024

App easy to set up and for ongoing reference & information

Stephen Hall

Very easy, clear, straightforward, unfussy….

25th May 2024

Very easy, clear, straightforward, unfussy. Good for someone like me who doesn’t want to spend a lot of time thinking about the mechanics of investing but wants good trustworthy management of my savings and investments

Sarah

Having invested in other platforms…

25th May 2024

Having invested in other platforms before, Nutmeg is better value, offers good returns, great service and the platform functionality/ resources and client communications are excellent.

Daniel Gallagher

Good experience about 1 year…

25th May 2024

Good experience about 1 year good app and good ETF

John Pilkington

The platform was built on…

25th May 2024

The platform was built on online access. The platform is easy to understand and simple to add funds too. Checks are made regularly to ensure risk is suitable to your requirements and information is sent out regularly. Extra funds can be added easily and checked daily if you wish. makes me feel I am in charge even though the hard work is done by professionals

Kim Frame

Very good, communication received, passive…

25th May 2024

Very good, communication received, passive investment

Maureen Moffat

Intuitive, accessible, simple to understand…

25th May 2024

Intuitive, accessible, simple to understand

Adrienne Hipkin

Very good. Good advice on…

25th May 2024

Very good. Good advice on telephone, monthly e mails. Easy to use and understand app.

Helen Bullin

Easy to deal with ….

25th May 2024

Easy to deal with . Very simple

William John Rutherford

Helpful and simple to use.

25th May 2024

Helpful and simple to use.

Michael Ferris

Goud

25th May 2024

Goud

Mark Victor Allen

I pleased with Nutmeg they…

25th May 2024

I pleased with Nutmeg they have been keeping in touch and been very helpful app and advice about the market and how was performing and not making me panic.

Tricia Jarvis

Very good range of products…

25th May 2024

Very good range of products and returns and low fees

Robert Perry

.

25th May 2024

.

Andrew Gray

Slick website and all even…

25th May 2024

Slick website and all even down to the colour scheme and font. Very clear to see where your invested and what ur costs have been.

James McDonald

5/5

25th May 2024
Adam Sidbury

Enjoying

25th May 2024

Enjoying

David Steed

refreshing site, decent info and…

25th May 2024

refreshing site, decent info and news updates

Lee W Richardson

Excellent service, great value.

25th May 2024

Excellent service, great value.

William Graham Cheesebrough

Easy to use, simple clear…

25th May 2024

Easy to use, simple clear language, great app

Caroline Pearson

Very goos

25th May 2024

Very goos

Daniel

Good platform to use and…

25th May 2024

Good platform to use and interesting and useful monthly updates.

Lucy Dinsdale

Love nutmeg as a first…

25th May 2024

Love nutmeg as a first time investor!

Sarah Over

Gives clear information in video…

25th May 2024

Gives clear information in video and textual forn

Blossom Lane

Excellent app, for a new…

25th May 2024

Excellent app, for a new investor everything is explained in simple easy to understand terms. There is no hard sell, and the detail of the investments made are very easy to understand.

Anthony

No

25th May 2024

No

Andrew Ogilvie

Excellent as provide regular reports

24th May 2024

Excellent as provide regular reports

Maheshkumar Haria

Great

24th May 2024

Great

Julian Ayeh

Don’t know them

23rd May 2024

Don’t know them

Garth Nicholosn

Great all-round investment platform

23rd May 2024

Great all-round investment platform

Wolf-Rüdiger Feiler

Overall good

23rd May 2024

Overall good

Jeet Garbuja

Simple and intuitive

22nd May 2024

Simple and intuitive

Laura

not enough experience on the…

22nd May 2024

not enough experience on the platform

Peter Ritchie

A user friendly service

22nd May 2024

A user friendly service

Adam Greenway

No thoughts

22nd May 2024

No thoughts

John Woodberry

Solid

20th May 2024

Solid

David Olubuyide

Good product overall

17th May 2024

Good product overall

Ashil Harish Patel

4/5

17th May 2024
Nuria Tain Novo

User-friendly roboinvestment platform with ethical…

16th May 2024

User-friendly roboinvestment platform with ethical investment options giving good returns.

Joanna Green

4/5

28th February 2023

Pros:

Simple

Cons:

Reduce fees

GMG Awards Voter: [118255307788]

5/5

28th February 2023

Pros:

Brilliant low cost way of having the experts manage for you with you selecting risk and other profiles

GMG Awards Voter: [118255259210]

4/5

26th February 2023

Pros:

Nothing

GMG Awards Voter: [118253483647]

5/5

24th February 2023

Pros:

good app and fees and the full management of the investments

Cons:

Nothing. Has everything i could want at this time

GMG Awards Voter: [118251996193]

4/5

24th February 2023

Pros:

ease of access

Cons:

not much

GMG Awards Voter: [118251968326]

5/5

24th February 2023

Pros:

Simple to use

GMG Awards Voter: [118251963534]

3/5

24th February 2023
GMG Awards Voter: [118251917967]

4/5

24th February 2023

Pros:

For more simplified investment

Cons:

No comment

GMG Awards Voter: [118251885045]

4/5

24th February 2023
GMG Awards Voter: [118251871853]

5/5

22nd February 2023
GMG Awards Voter: [118249767711]

4/5

21st February 2023

Pros:

Easy to use.

GMG Awards Voter: [118249409207]

4/5

18th February 2023

Pros:

Ease of use

Cons:

Add pro portfolios with more risk – ie. Thematics

GMG Awards Voter: [118247668734]

2/5

18th February 2023
GMG Awards Voter: [118247511139]

4/5

18th February 2023

Pros:

Bonus offer for joining

Cons:

Reduce fees

GMG Awards Voter: [118247495444]

5/5

18th February 2023
GMG Awards Voter: [118247313173]

3/5

17th February 2023

Pros:

Robo investing

Cons:

Reduce fully managed fees

GMG Awards Voter: [118246739290]

5/5

17th February 2023

Pros:

Easy navigation

Cons:

Great as they are

GMG Awards Voter: [118246625219]

4/5

17th February 2023

Pros:

no thoughts

GMG Awards Voter: [118246542019]

4/5

16th February 2023

Pros:

simplicity

Cons:

don’t know

GMG Awards Voter: [118246019928]

5/5

16th February 2023
GMG Awards Voter: [118245582792]

5/5

16th February 2023
GMG Awards Voter: [118245463974]

5/5

15th February 2023

Pros:

Robot-investing with low fees

Cons:

Advise Macro Economic conditions and share account movements

GMG Awards Voter: [118245181288]

5/5

15th February 2023

Pros:

Well managed portfolios and great customer service

Cons:

Lower fees

GMG Awards Voter: [118245119351]

5/5

15th February 2023

Pros:

Easy to use

Cons:

Broaden product range to include more EM

GMG Awards Voter: [118244858687]

4/5

15th February 2023

Pros:

Easy interface, responsive customer service

Cons:

Reduce fees, allow customization of portfolio

GMG Awards Voter: [118244744463]

4/5

15th February 2023

Pros:

Simplicity and ability to separate ISA investments into specific pots to be treated differently

Cons:

Status of transactions and values in progress isn’t very well communicated.

GMG Awards Voter: [118244675046]

5/5

15th February 2023
GMG Awards Voter: [118244606133]

5/5

15th February 2023

Pros:

Good company. I know i’m in good hands

GMG Awards Voter: [118244553816]

3/5

15th February 2023

Pros:

Simple web

GMG Awards Voter: [118244489808]

3/5

15th February 2023

Pros:

Simplicity

GMG Awards Voter: [118244457589]

5/5

15th February 2023

Pros:

Charts

Cons:

Lower fees

GMG Awards Voter: [118244403649]

4/5

15th February 2023

Pros:

Good return

Cons:

Simpler, more intuitive

GMG Awards Voter: [118244276828]

4/5

14th February 2023

Pros:

Great investing advice

GMG Awards Voter: [118244088736]

5/5

14th February 2023

Pros:

Link to chase account

Cons:

Unsure

GMG Awards Voter: [118244085085]

4/5

14th February 2023

Pros:

Risk based investment package

GMG Awards Voter: [118244062047]

5/5

14th February 2023

Pros:

app

Cons:

cheaper

GMG Awards Voter: [118244012297]

5/5

14th February 2023

Pros:

Ditto

Cons:

?

GMG Awards Voter: [118243928768]

5/5

14th February 2023
GMG Awards Voter: [118243905940]

3/5

14th February 2023

Pros:

Investment advice

Cons:

Better charges

GMG Awards Voter: [118243899117]

3/5

14th February 2023
GMG Awards Voter: [118243884720]

4/5

14th February 2023

Pros:

Good app and webpage.

Cons:

Lowering their charges

GMG Awards Voter: [118243833218]

4/5

14th February 2023

Pros:

Bot based

Cons:

Not much

GMG Awards Voter: [118243808638]

5/5

14th February 2023

Pros:

Slick interface

Cons:

Less fees

GMG Awards Voter: [118243798062]

4/5

14th February 2023
GMG Awards Voter: [118243795921]

5/5

14th February 2023
GMG Awards Voter: [118243750858]

3/5

14th February 2023

Pros:

Interface

Cons:

Stocks and fee

GMG Awards Voter: [118243747974]

4/5

14th February 2023

Pros:

don’t send cheques!

Cons:

nothing

GMG Awards Voter: [118243737223]

5/5

14th February 2023
GMG Awards Voter: [118243735573]

3/5

14th February 2023

Pros:

responsive

Cons:

clearer & more accesible information

GMG Awards Voter: [118243712625]

4/5

14th February 2023
GMG Awards Voter: [118243712035]

4/5

14th February 2023
GMG Awards Voter: [118243705613]

3/5

14th February 2023

Pros:

Simple

Cons:

Lower fees

GMG Awards Voter: [118243704608]

3/5

14th February 2023
GMG Awards Voter: [118243702694]

3/5

14th February 2023
GMG Awards Voter: [118243702509]

2/5

14th February 2023

Pros:

£100 bonus from chase

Cons:

Lower fees

GMG Awards Voter: [118243698599]

4/5

14th February 2023
GMG Awards Voter: [118243695534]

3/5

14th February 2023

Pros:

Low fees if using a discount pass

Cons:

Reduce the fees and allow people to build their own portfolio of stocks and ETFs

GMG Awards Voter: [118243694140]

5/5

14th February 2023

Pros:

N/a

Cons:

Slow transactions

GMG Awards Voter: [118243692728]

4/5

14th February 2023

Pros:

Steady investment return

Cons:

Improve graphics

GMG Awards Voter: [118243692048]

4/5

14th February 2023
GMG Awards Voter: [118243690448]

5/5

14th February 2023

Pros:

Good for long-term investing

Cons:

Good as is

GMG Awards Voter: [118243690077]

4/5

14th February 2023

Pros:

Passive investment

Cons:

DonÔÇÖt know yet too new

GMG Awards Voter: [118243689843]

5/5

14th February 2023

Pros:

good feedback on performance of funds

Cons:

app could be better

GMG Awards Voter: [118243687851]

3/5

14th February 2023
GMG Awards Voter: [118243687502]

5/5

14th February 2023

Pros:

Easy to use app

GMG Awards Voter: [118243687010]

5/5

14th February 2023

Pros:

Well suited

GMG Awards Voter: [118243687089]

5/5

14th February 2023

Pros:

Easy

Cons:

No

GMG Awards Voter: [118243686846]

4/5

14th February 2023

Pros:

I only use Nutmeg for my LISA because it was the only provider at the time. If InvestEngine provided a LISA I would switch instantly.

Cons:

Reduction of Fees.

GMG Awards Voter: [118243665638]

4/5

9th February 2023

Pros:

Ease of use

Cons:

None

GMG Awards Voter: [118240445252]

3/5

9th February 2023

Pros:

Relatively easy-to-use app

Cons:

Fees

GMG Awards Voter: [118240111200]

3/5

8th February 2023
GMG Awards Voter: [118239251405]

5/5

4th February 2023

Pros:

rainy day

Cons:

lot more

GMG Awards Voter: [118236436755]

3/5

3rd February 2023

Pros:

fees

Cons:

more user friendly

GMG Awards Voter: [118235944588]

3/5

3rd February 2023
GMG Awards Voter: [118235709138]

3/5

3rd February 2023
GMG Awards Voter: [118235650717]

3/5

26th January 2023
GMG Awards Voter: [118229262491]

3/5

18th January 2023

Pros:

website

Cons:

fees

GMG Awards Voter: [118222425327]

5/5

17th January 2023

Pros:

Customer support

Cons:

Integrate pension support fully into Nutmeg.

GMG Awards Voter: [118221474559]

4/5

17th January 2023

Pros:

no thoughts

Cons:

no thoughts

GMG Awards Voter: [118221245399]

5/5

16th January 2023

Pros:

Simplicity

GMG Awards Voter: [118220513182]

5/5

16th January 2023

Pros:

Easy top ups

Cons:

N/A

GMG Awards Voter: [118220422363]

4/5

12th January 2023

Pros:

Simplicity

Cons:

Lower fees, better app

GMG Awards Voter: [118217823463]

5/5

28th February 2022
GMG Awards Voter: [13362465036]

5/5

28th February 2022

Pros:

Good returns, ease of use

GMG Awards Voter: [13362454125]

4/5

24th February 2022

Pros:

Ease of use

GMG Awards Voter: [13354601803]

4/5

20th February 2022
GMG Awards Voter: [13344932162]

5/5

18th February 2022
GMG Awards Voter: [13341984915]

4/5

18th February 2022

Pros:

Good

Cons:

Not act like JP Morgan

GMG Awards Voter: [13341955379]

3/5

16th February 2022

Pros:

no thoughts

Cons:

no thoughts

GMG Awards Voter: [13336265027]

4/5

16th February 2022

Pros:

Easy to monitor via app, easy to top up

GMG Awards Voter: [13334791869]

3/5

14th February 2022

Pros:

Easy to invest

Cons:

Cheaper fees

GMG Awards Voter: [13329091738]

4/5

14th February 2022
GMG Awards Voter: [13328704529]

5/5

13th February 2022

Pros:

Understand me and my investment profile

Cons:

Nothing

GMG Awards Voter: [13327708719]

5/5

11th February 2022

Pros:

Ease of use

Cons:

Clear funds quicker

GMG Awards Voter: [13324905275]

5/5

11th February 2022

Pros:

being able to see the investment status easily

Cons:

dont know

GMG Awards Voter: [13324488651]

4/5

11th February 2022

Pros:

Detailed performance graphs

Cons:

Making direct debits

GMG Awards Voter: [13324461451]

3/5

11th February 2022

Pros:

Simple

GMG Awards Voter: [13324306166]

4/5

11th February 2022

Pros:

OK Stocks & Shares ISA

Cons:

Clearer information on their App

GMG Awards Voter: [13324233333]

4/5

11th February 2022
GMG Awards Voter: [13324222274]

4/5

11th February 2022
GMG Awards Voter: [13324072931]

4/5

11th February 2022
GMG Awards Voter: [13323775775]

4/5

10th February 2022

Pros:

Easy to use

Cons:

Keep making pricing even more transparent

GMG Awards Voter: [13321407264]

4/5

9th February 2022

Pros:

Best value

GMG Awards Voter: [13318261064]

3/5

9th February 2022

Pros:

Ease of use

Cons:

Get bigger

GMG Awards Voter: [13317987118]

3/5

8th February 2022
GMG Awards Voter: [13316332331]

Leave a review

  • Tell us what you think of this company and help others make more informed financial decisions.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Expert Nutmeg Review

✔️Approved by Nutmeg (11 September 2023)

Because Nutmeg is no longer a disruptive start-up and is now owned by a massive financial institution with a compliance department larger than the investment team (maybe, I haven’t checked) every word we write needs to be approved by them before we publish it. Thankfully, Nutmeg is a long-term investment platform and nothing really changes much other than the odd bit of portfolio allocation. 

On the plus side though the FCA has not insisted on customer reviews being approved by a regulated person yet, so do us a favour and tell other people what you like or dislike about Nutmeg in the customer reviews section.

Nutmeg Review
Good Money Guide Recommended 2024

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?

Yes, Nutmeg is 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
  • Pricing
    (4)
  • Market Access
    (3.5)
  • Online Platform
    (5)
  • Customer Service
    (5)
  • Research & Analysis
    (3.5)
Overall
4.2

It’s pretty hard to write a review of Nutmeg, because you probably already know what they do and you know they do it well because we awarded them ‘Best Robo-Advisor’ and ‘Best Private Pension” in our 2023 Good Money Guide awards. So I haven’t – I’ve taken poetic inspiration from a digital source and improved it. Just like how Nutmeg is a robo-advisor, but is actually a digital wealth manager run by humans who use automation to streamline the process. 

I’ve followed Nutmeg since it’s inception, when it blew the cobwebs away from the fuddy-duddy wealth management industry and along with Wise can be credited as being one of the most influential and disruptive companies to help make finance more accessible over the last two decades. I never got the chance to interview Nutmeg’s founder, Nick (as I have interviewed most other investment platform CEO’s and founders), who sadly died after Nutmeg was acquired by J.P Morgan for $700m in 2022. He was 43, I’m 43.

If you want to know if you should invest with Nutmeg, my answer is an invariable yes, because the sooner you start investing the harder your money will work for you. If you need more convincing, it’s not just me that thinks so, even John Lewis Finance has entrusted them with the trust of their customers…

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Ode to Nutmeg

Oh Nutmeg, a pioneering robo-advisor so bold,
With algorithms and clever humans untold.
In the realm of finance, they’ve carved a way,
To guide investors through the stockmarket’s sway.

With prudence and precision, their portfolios dance,
Crafting alpha and beta with mathematical romance.
They seek diversification, the investor’s golden art,
To shield your wealth, your retirement, so start.

It’s a robo-army, an army of digital wealth,
They work day and night, with unyielding stealth.
Analyzing data, scanning the trends,
In the vast sea of investments, making regular amends.

Oh, Nutmeg, this conductor of your fiscal fate,
Trust in their prowess, and they will guide you straight.
Through bull and bear markets, they’ve seen it all,
Shielding your portfolios from potential downfall.

With a sprinkle of risk, and a dash of return,
They balance the scales, making your money earn.
Rebalancing deftly, with nimble grace,
They keep you on track, in this financial race.

Oh, Nutmeg, the compass of our financial quest,
The fees are fair, sometimes less than the rest.
Low-cost and transparent, keeping costs tight,
With no hidden exit fees, management fees are light.

An intuitive platform, a user’s delight,
Bringing simplicity with strict compliance oversight.
From novices to veterans, they make investing a cinch,
Making investing accessible, not just for the rich.

Oh, Nutmeg, the robo advisor of our dreams,
You’ve revolutionised investing it seems.
With Hungerford’s influence in your hearts,
We commend your service, and thanks for playing your part.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Nutmeg Awards

  1. Best robo-advisor 2023
  2. Best private pension 2023
  3. Best lifetime ISA 2022

YouTube video

Capital 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 Clients200,000+
💰 Minimum Deposit£500
💸 Client Funds£4.5 billion+
📅 Founded2011
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.

Should You Go For A Nutmeg ISA or GIA?

If you have already opened an ISA this year and used your allowance you should open a Nutmeg GIA. But, if you don’t already have one a ISA should be your first investing account as you do not have to pay capital gains tax on the first £20k you invest in it each year.

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

Nutmeg 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%. 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.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

What is Nutmeg’s Lifetime Stocks & Shares ISA?

Under 40, struggling to save as much as you need? If so, Nutmeg’s lifetime stocks and shares ISA may just be the solution you’ve been looking for. 

Since the Government launched the Lifetime ISA in 2017, a growing number of investment firms have been getting in on the act. One of these is Nutmeg who clearly see this as a chance to offer a financial product tailored to the needs of millennials.

Lifetime ISAs were launched to address the savings gap among millennials. This generation, which hit financial independence in the midst of the 2008 recession, has found it tough to put aside substantial sums for retirement. Stagnant wages combined with a high cost of living mean getting onto the housing ladder remains a pipedream for many.

As for saving for retirement? Forget it. A study from the FCA found that 15 million people aren’t saving for retirement. Even those who are often aren’t saving enough. Lifetime ISAs are the Government’s way of changing the story.

Who Can Invest In Nutmeg’s Lifetime Stocks & Shares ISA?

Nutmeg’s lifetime ISA is open to anyone over the age of 40 and allows you to save up to £4,000 per year without paying tax on any future returns up to the age of 50.
For every £4 you invest, the Government will top it up with a £1 bonus up to a maximum of £1,000. That’s potentially a huge amount of free government money every year.

Interest is gathering pace with a number of other providers including Hargreaves Lansdown, AJ Bell and Newcastle Building Society also offering their own products. However, investing in an ISA is not without its risks and returns can fall as well as rise.

What Does Nutmeg Invest In?

Nutmeg Investment’s approach is to invest in Exchange Traded Funds (ETFs). These are more transparent and offer a lower cost and adopt a more conservative approach of tracking the market rather than trying to beat it. With no hidden fees, their approach is to be seen as offering the best value for money on the market.

Setting up a Nutmeg LISA is relatively easy. All you have to do is pay between £100 and £4,000 to get started. For those who had given up hope of being able to save enough to get on the property ladder or retire comfortably, therefore, this does offer an attractive option. As with anything, though, it pays to check the terms and to make sure this is the best option for your circumstances.

We rate Nutmeg’s Lifetime ISA as very good as it is a simple and low-cost way to invest in managed portfolios and take advantage of the government’s 25% top-up bonus.

  • Investments: Pre-made portfolios
  • Minimum deposit: £100
  • LISA management fees: 0.45% – 0.75%
  • LISA share charges: N/A

Nutmeg LISA Fees: A Lifetime ISA with Nutmeg costs 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%.

Owned by JP Morgan, Nutmeg won the “Best Lifetime ISA” category in our 2022 award, offering one of the simplest low cost LISAs with a range of low, medium and high-risk options.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

What Is The Nutmeg App Used For And Is It Any Good?

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 Investment App

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 want to take any risk a cash ISA like Hargreaves Lansdown Active Savings may be more appropriate.

Nutmeg’s Junior ISA is good for parents who do not need such a wide range of investment options from platforms like Hargreaves Lansdown, Interactive Investor and AJ Bell as you cannot buy individual stocks or funds. Instead, you invest in pre-made portfolios built up from low-cost ETFs. 

This is a great way to build a cheap and diverse investment ISA for your children for investors who are willing to take on some level of risk. There are no dealing costs, and the fully managed account costs 0.75% per year.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Nutmeg Thematic Portfolios

In October 2023 Nutmeg added a new thematic portfolio style to its range of products.

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 offer investors access to portfolios encompassing three broad-brush themes, which are, Technological Innovation, Resource Transformation and the Evolving Consumer.

These new thematic portfolios are designed as long-term investing strategies, that will invest in companies that are likely to benefit from trends, such as the growth and adoption of artificial intelligence, the transformation to renewable energy sources, and away from fossil fuels and the changing demographics of our populations.

Thematic Portfolios Selection

Nutmeg will use its research and technological capabilities to select and manage the underlying investments, in these thematic portfolios. While at the same time diversifying their exposure and avoiding risk concentration.

Clients that open a thematic portfolio will see their investments “tilted” towards the theme of their choice, the tilt will be as large as 20% of their portfolio’s equity exposure.

The portfolio will be actively managed by Nutmeg on the client’s behalf, and subject to an annual review.

Added Risk

Will all Nutmeg clients be able to access the Thematic Portfolios?

No, the new Thematic Portfolios won’t be available to all Nutmeg customers. Only those who are comfortable with the firm’s risk level 5 will be able to invest in thematic funds.

Thanks to their high level of equity exposure, low level of bond exposure, and the FX risk involved in investing overseas markets, and in particular in the US Dollar.

Nutmeg’s lower risk-rated portfolios, which run from 1 to 4, typically have higher rates of bond ownership and seek to minimise the FX exposure in their portfolios.

The new Thematic Portfolios are available for ISA and Junior ISA holders, with a minimum investment of £500 and £100 respectively and Nutmeg will charge 0.75% per annum management fee.

Interestingly the new portfolios won’t incorporate any ESG considerations, though it’s very likely there will be some crossover, given the nature of the broad brush themes themselves.

Nutmeg’s new Thematic Portfolios seem like a good way to gain diversified exposure to trends, that will undoubtedly play a big part in all our futures.

Retail investors, who can accept higher rates of equity exposure, may well prefer to use Nutmeg’s investment and money management expertise, to build and run their portfolios for them.

Rather than adopting a DIY approach, using their own ETF and stock selections, and to be honest fees of 0.75% per annum don’t sound exorbitant for a discretionarily managed service.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Is Nutmeg Good For ISA Investing?

Yes, I think that Nutmeg has transformed the way people invest in ISAs for good. Nutmeg were the first provider to make investing in a stocks and shares ISA easy online and remain one of the best ways to put your money to work in a tax-free wrapper.

Nutmeg offers off-the-shelf portfolios across its ISA range to suit five different investment styles. Investors can choose between four different portfolios, including fully managed, Smart Alpha powered by J.P.Morgan Asset Management, socially responsible and fixed allocation.

Nutmeg’s ISA lets you invest in pre-made portfolios with a minimum deposit as low as £500 with discounted account fees of 0.45%

Nutmeg ISA Fees: Nutmeg charge 0.75% for their managed ISA portfolios which drops to 0.35% for balances over £100k. For their fixed allocation ISA 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 products and charges can be found here.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Nutmeg Pension Review?

It’s 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 point your investments could be worth less than when you started.

Nutmeg has created five pension styles (portfolios) which have been built by experts and use exchange-traded funds to diversify across stocks, bonds, industries, and countries. This also importantly keeps costs down.

Nutmeg pensions cost 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.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

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.

Nutmeg Performance

Nutmeg managed portfolios 2020 performance 2019 performance
1 0.80% 1.20%
2 3.00% 5.10%
3 4.40% 7.40%
4 5.10% 8.90%
5 6.20% 11.10%
6 6.10% 12.70%
7 6% 15%
8 6% 17%
9 6.80% 18.30%
10 7.10% 18.70%
Past performance is not a reliable indicator of future performance. For more information on past performance click here.
Capital at Risk.
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