Nutmeg vs Natwest ISA

BuildTheWall

I have a S&S ISA with Nutmeg that I consider as a secondary rainy day fund, on top of savings in current accounts. Currently with 10k and might add another 10k in the future and no plans to withdraw in the short term. Selected risk level 2 (cautious) allocation that has like 40% equities.

Natwest has a similar ISA with slightly cheaper cost 0.62% vs 0.68% at Nutmeg. 

Was thinking if I can move ISA to Natwest as I have a current account with them and can monitor all in one place. I'll be well within the FSCS limits, so that doesnt seem to be a concern. 

Does anyone have any thoughts or opinions on this? Or am i overthinking it for a small amount?

dunstonh

Both are robos and both are not particularly great but not particularly bad.      For small amounts, there isn't really anything in it between them.   However, a platform with a multi-asset fund would be the best option (which is effectively what Natwest are offering except its their own product)

Natwest has a similar ISA with slightly cheaper cost 0.62% vs 0.68% at Nutmeg. 

If you disregard TC, natwest is 0.55%. (TCs are not worth worrying about as it is a synthetic calculation that is not consistent across fund houses)
With Nutmeg it is unclear whether they are including TC or not and what the TC is.
Nutmeg also has a bid/offer spread but Natwest doesn't.

Was thinking if I can move ISA to Natwest as I have a current account with them and can monitor all in one place. I'll be well within the FSCS limits, so that doesnt seem to be a concern. 

Nutmeg is a DFM MPS using direct assets, including ETFs and ETFs do not get FSCS protection.
Natwest is a DFM MPS within an OEIC.  That gets FSCS protection.

Not that FSCS protection matters.

Or am i overthinking it for a small amount?

The amount is too small to worry about tiny differences, especially when neither option is optimal with respect to charges or quality.

BuildTheWall

Thank you!