Nutmeg to cut fees and launch low cost products

As competition intensifies

clock • 2 min read

Robo-adviser Nutmeg is to cut fees and launch a new range of low-cost products next week in order to attract more customers.

From Monday annual fees on the platform's ready-made investment portfolios will drop to 0.35% from 0.5% for investors with more than £100,000, the FT reported.  The move will apply to existing customers as well as new ones, although existing customers with very high value portfolios will retain their existing fee structure. Customers with less than £100,000 to invest will pay 0.75% a year, while those with more than £500,000 will stay on their same annual management fee of 0.3%. Existing customers will be moved to the new fee structure if the new charges are cheaper than the curren...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Investment platform TILLIT to shut down

Investment platform TILLIT to shut down

No new accounts can be opened and it will close on 12 September

Sorin Dojan
clock 26 June 2025 • 1 min read
First Wealth on hunt to acquire like-minded financial planning firms

First Wealth on hunt to acquire like-minded financial planning firms

Follows significant financial backing from Marlborough

Jenna Brown
clock 24 June 2025 • 5 min read
Openwork in growth push with partner firm Milecross acquisition

Openwork in growth push with partner firm Milecross acquisition

Makes first investment into one of its partner firms

Jenna Brown
clock 19 June 2025 • 2 min read