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Nutmeg Investment Advisor Review
Nutmeg is founded in 2011 and based in , .
Nutmeg Pros & Cons
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Nutmeg FAQ
What fees does Nutmeg charge?
What management fees does Nutmeg charge?
Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.
What are the investment expense ratios of Nutmeg?
Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.
Nutmeg does not charge fees based on an investment expense ratio. What type of investment accounts and asset classes does Nutmeg support?
These are the investment options Nutmeg offers its clients.
| Supported Options | Unsupported Options |
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What is the minimum amount you have to invest to open an account with Nutmeg?
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Message from our editor
What We Love About Nutmeg
This investment tool has a range of benefits that help to make it a good option to consider. One of the things that we love about Nutmeg is that it’s so easy to get started. It’s a cheaper solution compared with many other options, and it’s transparent. The user interface is simple and intuitive. It is available to anyone who is 18 and over, even if they aren’t in the UK.
You’ll also appreciate the fact that Nutmeg publishes its portfolio performance. Most of the competition does not do this. The performance lets you see how Nutmeg is doing compared to the market and their competitors. This level of transparency is nice. The pricing model for working with Nutmeg is simple—the more you invest, the lower your annual fee.
What Nutmeg Could Do Better
While there are many benefits to Nutmeg, it’s important to look at some of the things that the company could do better. It’s still a relatively new company, and this means that it will still need to prove itself. Although it’s cheaper than other discretionary managers, it’s costlier than other automated investment services. You’ll also find that the returns might not be as high as they would be through other platforms.
Nutmeg’s Backstory
Based out of the United Kingdom, Nutmeg is a relatively new online investment tool that was started in 2011. The goal was to create a platform that would be simple to use for just about anyone who wanted to make investments. The company has grown over the years.
The Verdict
Despite the fact that Nutmeg could be costlier for you than using other types of automated investment services, some feel it’s worth it because there is more of a hands-on approach. Nutmeg may not be more beneficial than choosing low-cost index funds for some investors, but it makes the process easier. It’s a hybrid tool that could be a good solution for those who want a discretionary investment manager but who want to spend less on the cost of management fees.
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Learn MoreSuperMoney Net Recommendation Score
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Nutmeg Investment Advisor Community Reviews
Would you recommend Nutmeg Investment Advisor to your friends?
U
Anonymous
Jul 30, 2015
May or may not recommend
I too was excited about trying out Nutmeg and seeing how their system works, but I am also in the US and am now waiting until this fall to see how everything works. I suspect it is going to go well, but I won't know for sure until I get to try it out.
Andrew L.
Oct 2, 2014
May or may not recommend
Nutmeg opens the world of automated investment companies to the UK and the rest of the world. Non-US residents cannot invest in SigFig, Wealthfront, Betterment and most of the other robo-investment companies. However, Nutmeg is not just a British clone of those companies. It actually manages to provide additional value by including more hands-on involvement by professional investment managers for a similar price.
Mani K.
Sep 11, 2014
May or may not recommend
Interesting tool. They provide similar services to those offered by Wealthfront and SigFig, but offers more choice and agility when determining the composition of your portfolio. The main selling point of Nutmeg is its transparency and flexibility. If you are currently using a discretionary manager or a financial advisor, the lower fees of Nutmeg could help you save a lot of money in management costs.
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