Nutmeg and JP Morgan agreement

dunstonh

Thrugelmir said:

grumiofoundation said:

Alexland said:

Albermarle said:

Yes , their normal target market might not get it , if they use this sort of language .
We really wanted to build an ETF solution for our clients, but we didn’t want to limit ourselves to passive solutions. We offer a range of ETFs including passive, smart beta and actively managed ETFs.”

It's even worse as the actively managed portfolios use passive ETFs and they are also offering socially responsible portfolios so have created a 10 page PDF to explain the differences between their investing styles - how un-robo is that? Their target customer is not going to be particularly knowledgeable about investments (else why would they pay high charges to Nutmeg?) and if anything this complexification just creates more barriers to getting customers to just open the account and dump some money in to grow.

However nutmeg does seem to be cultivating a Monzo-like following who won’t hear a bad word against it. 

Any different to Vanguard?   In the financial services sector easy to create illusions and allow mantra's to float around the internet.  

I would say the church of SJP is probably the worst.   And probably the most successful because of it.