'Robo-adviser' Nutmeg passes £2bn AUM across 80,000 customers

In its 2019 results, released on Friday morning (31 January), the robo-adviser revealed it had seen 41% year-on-year growth and a 60% increase in customers since reaching £1bn AUM in November 2017.  The robo-adviser's market share now stands at 36%. Nutmeg said the results demonstrated it had "significantly outperformed" the sector as a whole, which grew by 13% over the same period.   In its pursuit of scale, by the end of 2017, the sector pioneer had posted losses of £41.8m since its inception in 2011. In its latest results the company did not give a more recent indication of its pro...