Nutmeg launched in 2012 and now has more than 140,000 clients and over £3.5bn of AUM. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts.
A decade ago, Nutmeg was founded with an ambitious mission: to democratise wealth management by empowering nations of investors. Through technology innovation, hiring the best and brightest people and always pushing to do things better, we’re transforming an industry to help many more people achieve their financial goals and secure the future they want for themselves and their families.
Neil Alexander, CEO, Nutmeg
Balderton first invested in Nutmeg back in 2014.
Nutmeg will form the bedrock of JPMorgan’s retail digital wealth management offering internationally over the long term, complementing the launch of Chase as a digital bank in the UK later this year.
The products and services enjoyed by Nutmeg clients will be unaffected and, with the deal set to complete later in the year after approvals are received, JPMorgan Chase and Nutmeg will be working closely on further developing their offering to the benefit of all clients.
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