21 June 2021
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5 min read
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"I’m still clutching as to how they can be worth the rumoured £500m" - Wingate Financial Planning's Alistair Cunningham.
Nutmeg grew its AUM to £3.5bn, but losses totalling more than £80m have cast doubts on whether the firms’ robo-advice feature is pioneering, or quite simply just a failed and expensive experiment.
A decade ago, Nutmeg was created with an ambitious goal of aiming to democratise wealth management. Since then, it has raised more than £100m to grow assets under management (AUM) to £3.5bn and build a...
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