Nutmeg - I feel like they've punished me

Alexland

Foreverfinance said:

So what's the overall opinion on nutmeg, is it a good digital wealth manager?

With all the robos 'digital wealth manager'  is just marketing guff. You would have a similar asset allocation and lower costs if you just bought a mutli asset fund from Vanguard or HSBC. Nutmeg are only worth doing for the signup cashback if you keep to the minimum contributions and then transfer out as soon as the lock-in period completes.

BananaRepublic

It looks like hard sell, with a nice fluffy reassuring web site. I pretty much agree with the above comment, you’d be better off going with some tracker funds with a reasonable geographic distribution. Historically you’d get better growth with lower fees. I wouldn’t touch their active funds with a barge pole.