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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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