Breaking: JPMorgan Chase is buying Nutmeg ahead of neo bank launch

by DailyBriefers

Savings and Investment

The original UK robo advisor is being bought by one of the largest banks in the world.

Breaking: JPMorgan Chase is buying Nutmeg ahead of neo bank launch

Image source: Nutmeg/Neil Alexander

JPMorgan Chase has entered into an agreement to acquire digital wealth manager Nutmeg for an undisclosed amount ahead of the launch of its new digital bank.

Sanoke Viswanathan, CEO of International Consumer at JPMorgan Chase said: “We are building Chase in the U.K. from scratch using the very latest technology and putting the customer’s experience at the heart of our offering, principles that Nutmeg shares with us.”

Neil Alexander, CEO of Nutmeg said: “Nutmeg’s customers can expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K. I am truly impressed with the digital experience that Chase is building for the U.K., and this new chapter in our story will see Nutmeg’s customers benefit from a wider range of products and services in the future, and allow us to expand into new markets.”

Nutmeg launched in 2012 and now has 140,000 investors and £3.5bn of assets under management (AUM).

This figure has accelerated in the past year, the firm says, with a growth of 70 per cent year on year. Nutmeg offers ready-made risk-targeted investment portfolios that can be accessed via ISA, Junior ISAs, Lifetime ISAs, pensions and general investment accounts. 

It recently launched a new line of portfolios combining active and passively managed exchange-traded funds (ETFs) powered by J.P. Morgan Asset Management.

Sign up for our newsletters

You may also like


best microdose mushroom September 5, 2023 - 4:37 pm

112220 236117I saw but another thing concerning this on one more blog. Youve obviously spent some time on this. Properly done! 583349

Toyota Alphard 2024 ราคา September 14, 2023 - 11:00 pm

348464 884147I havent checked in here for some time because I thought it was finding boring, but the last few posts are actually very good quality so I guess Ill add you back to my everyday bloglist. You deserve it my friend. insurance guides 595685

หวยลาว November 16, 2023 - 3:11 am

693966 600029You designed some decent points there. I looked on the net for any problem and located most individuals goes along with together along with your website. 931636


Leave a Comment