Nutmeg hits £1bn mark as it doubles customers in 12 months

Robo-advisers manage £1.7bn in total

Tom Ellis
clock
Nutmeg hits £1bn mark as it doubles customers in 12 months

Robo-adviser Nutmeg has hit the £1bn assets under management milestone after doubling its client base in the last 12 months.

The firm was the first online wealth manager in the UK when it launched in 2012 and is also the first to hit the £1bn mark. In January, the firm dropped its prices in a bid to attract more customers....

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Companies

Phoenix Group cuts 'energetic' from job adverts to attract older applicants

Phoenix Group cuts 'energetic' from job adverts to attract older applicants

'Enthusiastic' need not apply

Jenna Brown
clock 18 January 2022 • 1 min read
There's more awareness among legal teams of the importance of getting advice at the very beginning and all the way through a divorce, says Ceri Griffiths, principal at Willow Brook Lifestyle Financial Planning.

More women seek financial advice as post-lockdown divorces rise, advisers say

'No longer a big scary journey'

clock 12 January 2022 • 3 min read
SJP compensates client for lack of advice fee clarity and delayed service

SJP compensates client for lack of advice fee clarity and delayed service

Client was left to borrow from family

clock 17 December 2021 • 3 min read