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Nutmeg chases clients with discount fee offer

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Nutmeg chases clients with discount fee offer

Online investment manager Nutmeg has temporarily cut its fees to entice new customers.

Clients who invest with Nutmeg before 17 February will receive a year-long reduction in their portfolio management fees, as follows:

Amount invested £1k+ £25k+ £50k+ £100k+ £250k+ £500k+
Normal fee 1% 0.90% 0.75% 0.60% 0.50% 0.30%
Special offer fee 0.90% 0.75% 0.60% 0.50% 0.30% 0.30%

Existing customers will be offered the same fees for a six-month period if they transfer an ISA to Nutmeg by 8 March.

Nick Hungerford, Nutmeg’s founder (pictured), commented that he was ‘committed to keeping our portfolio management fee as low and as easy to understand as possible’.

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Profile: The opportunity set that attracted Brett Williams to wealth management

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Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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