What happens if Nutmeg goes bust?

Nutmeg is regulated by the Financial Conduct Authority (FCA) and is covered by the Financial Services Compensation Scheme (FSCS). So if Nutmeg goes bust, you’re covered for up to £85,000 of your investment deposits.

Is Nutmeg cheaper than Hargreaves Lansdown?

Nutmeg vs Hargreaves Lansdown – fees If you have a portfolio up to £100,000, Hargreaves Lansdown is the cheaper option in terms of platform charges. However, once you go over £100,000 and before you go over £250,000, Nutmeg works out to be more cost-effective.

Is Vanguard cheaper than Nutmeg?

Vanguard vs Nutmeg – platform fees This makes it markedly cheaper than Nutmeg’s platform fees, although the range of funds you are invested in will be more diverse than with Vanguard, which constructs its portfolios solely from its in-house fund range.

Is Nutmeg a good company?

Is Nutmeg any good? Yes. Their awards speak volumes. While most Nutmeg reviews are positive and there’s a general consensus that Nutmeg is one of the best low-cost investment providers in the UK, it’s also worth noting that Nutmeg also regularly wins awards, particularly for its Stocks & Shares ISA.

Does Nutmeg have exit fees?

At Nutmeg, there are no set-up, transaction, trading or exit fees.

Can I buy shares in Nutmeg?

At Nutmeg, we offer stocks and shares ISA, Lifetime ISA and Junior ISA, but there are in fact six main types of ISA. This includes cash ISA, Help to Buy ISA and Innovative Finance ISA.

Is nutmeg better than HL?

Overall winner: Is Nutmeg better than Hargreaves Lansdown? Nutmeg is suitable if you are interested in basic investing with pre-made portfolios, but if you’re looking for share trading or DIY portfolios then you’re more suited to Hargreaves Lansdown.

Who is nutmeg owned by?

JP Morgan
Nutmeg managed portfolios worth £1.9 billion as of December 2019. The company had around 80,000 customers and managed £2bn in assets as of January 2020. The company was purchased by JP Morgan for an undisclosed sum in June 2021.

Who are nutmegs competitors?

Nutmeg Competitors

• Moneyfarm. One of Nutmeg’s biggest competitors is Moneyfarm, which was launched in the UK after becoming one of the largest digital investment companies in Europe.
• Hargreaves Lansdown.
• Bestinvest.
• Charles Stanley.
• Cavendish.

Is nutmeg a robo advisor?

Nutmeg* is the most well-established brand in the UK when it comes to managed tracker portfolios. Since it launched in 2011 it has become one of a growing band of robo-adviser propositions which have come to the market.

Are Nutmeg fees expensive?

For the UK, however, it must be noted that Nutmeg is on the low end for fees compared to robo-advisors serving that market and only 0.1% above the US average.

Can I buy shares on Nutmeg?

Can I start a stocks and shares ISA with Nutmeg? You can start a stocks and shares ISA with Nutmeg or transfer existing cash or stocks and shares ISAs to Nutmeg. There are two main types of ISA, a cash ISA and a stocks and shares ISA. Nutmeg offers only stocks and shares ISAs.

What is nutmeg’s management fee structure?

Nutmeg’s management fee structure is simple. The larger your account balance, the lower the fee. Consult the chart below for a quick reference on each of its account types: And both account types carry underlying fund costs at an average of a 0.19% fee. Nutmeg’s minimum account requirement is also different for ISAs and pension accounts.

How does nutmeg investment management work?

How does Nutmeg Investment Management work? Nutmeg launched in the UK in 2011 and offers investors a cheaper alternative to normal wealth management services by focussing on ETFs and tracker funds that carry lower charges Nutmeg is a low-cost online investment platform that will manage your investment portfolio according to your risk profile.

How many nutmeg managed portfolios are there?

Nutmeg managed portfolios Nutmeg provides a choice of 10 managed portfolios each with a different mix of investment assets. The portfolios range in risk from ‘cautious’ through to ‘aggressive’.

How much does nutmeg charge for ETFs?

Annual ETF fees average 0.17% for the fixed allocation tier, 0.19% for the fully managed tier, and a hefty 0.33% for the socially conscious tier. Nutmeg also estimates the average market spread at 0.07%. Is Nutmeg a Good Fit For You? If you are a UK resident looking to automate your investments, Nutmeg offers a solid choice at a reasonable price.