Is this the end of the 'robo' experiment? Reaction to Nutmeg's sale to JP Morgan Chase

£500m+ rumoured sale sum

clock • 5 min read
"I’m still clutching as to how they can be worth the rumoured £500m" - Wingate Financial Planning's Alistair Cunningham.
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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 bui...

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