Nutmeg secures £45m investment round with Goldman Sachs

The funding round, which is subject to regulatory approval, means the company has now attracted some £116m of investment since its launch in 2012. Hong Kong-based advisory firm Convoy, which was already invested in Nutmeg, also co-led the funding round. In October 2018, the online investment manager revealed it was 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 explained it would offer an initial chat to customers free of charge and then charge a fixed-fee of £350 if people decided they wanted ...