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Nutmeg Review

as of 02/09/2020 at 12:00 pm

Holly's View

Probably the best of all so-called ‘robo advisers’– easy options that run users through a simple questionnaire and then build you a ready-made portfolio. The team has also created Socially Responsible Investment options. Everything is straightforward and simple enough to follow...

Our Rating

Recommended For

Beginner Investor

Confident Investor

In a nutshell

Really easy to use

Pre-packaged investments

The most established 'robo'

You Say

Your overall rating

Based on 148 reviews

View all reviews

What to Expect

Investment Choice

Products

Stocks and Shares ISA

Junior 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 £2bn 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 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. They also offer a range of socially responsible portfolios which are managed by their team. The managed portfolios cost around 1% per year, or £10 on every £1,000. Socially responsible portfolios cost around 1.13%, or £11.30 on £1,000 invested. 

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 £1.5bn invested

Minimum amounts: £500 minimum initial amount for an ISA, pension or investment account.
£100 minimum for a Lifetime ISA or Junior ISA

Your Questions

"I currently have my children's Stocks & Shares ISA's with H&L however I am not that savvy with investing so I am thinking of moving it over to Wealth Simple and allowing them to do it for me. Would you recommend this or are there other roboadvisors you would suggest? I am happy to leave the money in long term until they are about 18 so looking at an 'ambitious' risk. I also have the same account with H&L and will potentially swap also."

Funmi, LDN

12/10/2020

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"Hi, I'm trying to choose an 80/20 low cost tracker fund to transfer my pension to, as I'm currently paying 1% fees to my provider which I want to save on. Does the performance of different tracker funds vary a lot (e.g. between PensionBee, Nutmeg, AJ Bell) and how do I compare their track records? Many thanks, Vivienne"

Vivienne, London

22/07/2020

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"I'm a 48 year old with minimal pensions. I would like to start a new pension to save for the next 12 years. I've already set up a Stocks & Shares ISA with Nutmeg, so would like to start my pension with another provider. I know little about investments so would like to use a company that has ready made funds based on risk assessment. Which would you recommend?"

Sam, Norfolk

30/05/2019

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