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Nutmeg Review

as of 26/02/2019 at 6:31 pm

Holly's View

Nutmeg is the most established of the ‘robo advisers’ and it offers a great option for people who want to invest without the hassle. It’s lost some of its start-up spark with some new boring corporate imagery :0) but the service is good and the communication of complex notions is tackled well: it’s simpler than many, pretty slick and the communications are good. We did find that the back-end of the website doesn’t quite live up to the simplicity of the front end.

Our Rating

Recommended For

Beginner Investor

Confident Investor

In a nutshell

Really easy to use

Pre-packaged investments

The most established 'robo'

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Based on 96 reviews

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Sponsored by

Nutmeg

At Nutmeg, we’re challenging the exclusive world of investing. We launched in 2012 with the aim of making investing simpler and more transparent. We offer intelligent investments, and a high-quality wealth management service in a cost-effective way.

We combine investment expertise with technology that’s refreshingly simple. It’s easy to keep an eye on how your investments are performing and understand how much investing really costs.

Why Nutmeg

Whether you’re thinking about your retirement or planning for children, investing with Nutmeg could help you get there. Our award-winning investment service makes sure your investment portfolio is globally diversified, with the option to have your investment fully managed by our expert investors.

We want our service to be as clear and transparent as possible. To that end, we show you how much investing is likely to cost over the lifetime of your investments, based on your personal circumstances.

Our expert investment team

Our expert investment team does the hard work for you. Thanks to Nutmeg’s size, the team is able to get better market terms than the average private investor. Although we’re very proud of our technology, we know the importance of the human touch when it comes to investing.

The team brings together expertise in wealth management, risk management, and macroeconomics, to make sure the impact of economic and political environments on our portfolios are monitored closely.

More about Nutmeg

What to Expect

Investment Choice

Products

Stocks and Shares ISA

Lifetime ISA

Investment Account

Pension

Investments available

Ethical investments

Chosen for you

Investment help

Robo advice / ready-made portfolios

The 'Geeky' Details

Provider details

The biggest of the UK 'robo advisers' with over £1bn under management today. Suits people who don't know where to start or who are not interested in managing their investments on an ongoing basis.

You choose between 10 different options according to your financial situation and attitudes and get plopped into a ready-made portfolio of lots of different investments from across the globe. You can only use their portfolios – you can’t pick your own funds or shares.

You can either choose their low cost automated 'fixed allocation portfolios' or pay a bit more if you'd like their team to manage your investments in a more hands-on way. Either way, it's not an expensive option – the managed portfolios cost around 1.02% per year, or £10.20 on every £1,000.

A nice digital option which will suit busy people on-the-go. With 5 years under their belt, by far the most experienced of the UK 'robo advisers'.

Important Facts & Figures

Provider Size:

The largest UK robo-adviser, with over £1bn invested

Minimum amounts: £500 minimum initial amount for an ISA or investment account – if you have less than £5,000 you also need regular investment of £100 per month to set up
£500 for a pension
12 month indicative performance:

A medium risk portfolio returned -5.9% in 2018, after charges.

Your Questions

"I am a beginner investor and would like to invest in a "socially responsible" Stocks & Shares ISA. I have looked into the Nutmeg and Wealthify funds, having found out about them through the Money Saving Expert website. Is there information about any other such providers on your website? And do you have any advice about how to compare the "socially responsible" criteria on the different funds?"

Joy, Glamorgan

16/04/2019

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"I have a rough total of £30,000 in two separate company pensions from previous employers. For the last 12 years I have not contributed to a pension. I am now 44 and know I need to put money into one. I'm not financially aware and the robo providers sound tempting but, obviously, I want the possibility for the best return at medium risk. I aim to invest about another £30k immediately. Your Q2 2018 results update showed Nutmeg’s Portfolio 10 as returning 7.92%, but the Best Buys page for Nutmeg says it returned -5.9% in 2018 - I read at as a 5.9% loss. Please can you advise why the figures are so different? I've also heard that things like Vanguard Lifestrategy 60 are also a good choice but they don't have a SIPP - but then I don't know if I need a SIPP - I just want a good, solid pension. Many thanks."

Dave, West Yorkshire

26/03/2019

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"I have been investing £100 monthly in a Bank of Scotland investor ISA, and this is currently is worth about £20,000. In my wife's name I also contribute £50 monthly in the same investment and this ISA is worth about £12,000. I have about £100 monthly extra I want to invest, but I am not sure if these ISAs represent good value. I thought I could put the money in a higher risk investment, as it is money I can invest over 5-10 years, and had thought Nutmeg might be a good option as I have little investment experience. Am I right in thinking I can only contribute to one Stocks & Shares ISA at a time in my name? I could just put more money into my existing ISAs. What do you think?"

Colin, Lothian

11/03/2019

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