Nutmeg pilots £350-fee regulated advice service

'Advisers slow to adapt'

Tom Ellis
clock
“It is little wonder the UK is facing such an enormous savings gap when financial advice has been so slow to adapt to changing customer needs" - Nutmeg's Lisa Caplan
Image:

“It is little wonder the UK is facing such an enormous savings gap when financial advice has been so slow to adapt to changing customer needs" - Nutmeg's Lisa Caplan

Online investment manager Nutmeg is piloting a fixed-fee financial advice service in a bid to "open up the market" at what it said would be "a fraction of the cost".

The firm said it would offer an initial chat to customers free of charge and then charge a fixed-fee of £350 if people decided they wanted "tailored recommendations" through qualified financial advice....

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.
  • 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