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JPMorgan Chase buys Nutmeg

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Comments

  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    JPM have a stable of highly successful IT's. Built on a globally based investment management framework. Nutmeg gives them the front end consumer window to exploit this. With costs falling all the time. Vanguard does increasingly appear to do little for their fee. The competition is getting more intense. 
    I can buy these without going to Nutmeg.
  • MSE_Emily
    MSE_Emily Posts: 208 MSE Staff
    Fourth Anniversary 10 Posts Photogenic
    JPMorgan Chase has this week struck a deal to purchase UK digital investment platform Nutmeg. Both firms have confirmed there will be no change for Nutmeg customers for now, although they've promised a wider range of products and services in future.
    Read the full story:

    JPMorgan Chase strikes deal to buy robo-adviser Nutmeg - but there's no change for investors


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