What it is
Nutmeg, owned by J.P. Morgan, manages ISAs, lifetime ISAs, junior ISAs, pensions and general accounts using fully managed, fixed-allocation, socially responsible or thematic portfolios.
Who it suits
UK savers who want a managed ISA or pension from a large, well-backed provider.
Regulation and protection
Authorised and regulated by the FCA.
How it charges
An annual management fee as a percentage of assets, lower for fixed-allocation portfolios and above a balance threshold, plus fund costs and market spread.
Getting started
Sign up online, complete the risk questions, pick a wrapper and style, and fund by debit card or transfer.
At a glance
- Stock commission
- Management fee instead
- ISA / tax wrapper
- ISA, LISA, JISA, pension
- Fractional shares
- n/a
- Crypto
- No
- Headquarters
- London
- Founded
- 2011
Strengths
- Backed by J.P. Morgan
- Lifetime ISA available
- Choice of portfolio styles
Watch for
- Costs more than DIY investing
- Limited customisation
Readers ask2 questions answered
Which Nutmeg portfolio is cheapest?
Fixed-allocation portfolios carry a lower management fee than fully managed ones.
Can I transfer an existing ISA?
Yes, cash and stocks and shares ISAs can be transferred in.
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