BrokAIr Reviews

Nutmeg Review

"Nutmeg is one of the most innovative online brokerages on the market, with a suite of tools that no other brokerage can match - but is it worth the steep price tag?"

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Nutmeg Overview

What is Nutmeg?

Nutmeg is an online brokerage platform and robo-advisor founded in 2011. It is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and provides its users with a range of investment products including stocks, ETFs, ISAs, SIPPs and more. The platform utilizes an automated portfolio management system that uses their proprietary algorithms to generate and rebalance portfolios according to user preferences.

Pros & Cons

Founders & History

Nutmeg was founded in 2011 by Nick Hungerford and William Todd. They wanted to create a platform that would make investing easier and more accessible for people who may not have a lot of experience investing. The company has since grown and now has over 200 employees and over $2 billion in assets under management.

Public Opinion

Nutmeg has generally received positive reviews from users for its user-friendly interface, wide selection of investment products, and automated portfolio management system. However, some users have noted that the fees are higher than some other online brokerages and that customer support can be limited.

News & Events

In 2019, Nutmeg acquired Wealth Wizards, a U.K.-based financial services firm, in order to expand their offerings in the U.K. In 2020, they launched their own digital banking product called Nutmeg Bank. They also announced a new strategic partnership with HSBC in 2021 which will enable customers to open HSBC bank accounts directly through the Nutmeg platform.