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Money & savings

Nutmeg

Managed portfolios on autopilot, backed by JPMorgan

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About Nutmeg

Nutmeg, now part of JPMorgan, is one of the UK's best-known digital wealth managers. You choose a risk level (and an investment style, including fully managed or socially responsible), and Nutmeg builds and rebalances a diversified portfolio for you. It covers Stocks & Shares ISA, Junior ISA, Lifetime ISA, pension and general accounts. Fees are higher than pure DIY index investing, but you're paying for a hands-off, managed experience.

Pros

  • Fully managed, hands-off portfolios
  • Choose risk level and investment style
  • ISA, LISA, Junior ISA and pension
  • Backed by JPMorgan

Cons

  • Management fees higher than DIY index funds
  • No individual stock picking
  • Returns not guaranteed (market-linked)

Best for

Hands-off investors who want their portfolio managed for them