Nutmeg (company)

Nutmeg is an online investment management company based in London. [1]The company was founded in April 2011 and is registered in the United Kingdom as Nutmeg Saving and Investment Limited.[2]

Nutmeg Saving and Investment Limited
Private
IndustryInvestment Management
Founded2011
FounderNick Hungerford, William Todd 
HeadquartersVauxhall, London, UK
Key people
Neil Alexander, CEO
William Reeve, Chairman
Websitewww.nutmeg.com

Nutmeg is an online discretionary investment management company (discretionary meaning that it makes all investment decisions on behalf of its customers, rather than providing a platform for people to trade on).[3] The company invests customers’ funds in line with their investment goals and appetite for risk. It invests in listed securities, debt, cash, commodities and other investment asset classes, primarily, but not exclusively, via exchange-traded funds (ETFs). It provides an online alternative to stockbroker platforms where customers make their own trading decisions.

Nutmeg provides investors with online access to investment management taking their inspiration from the tech world rather than the financial sector.[4][5]

History

Nutmeg was founded in 2011 by Nick Hungerford and William Todd.

Martin Stead left the company in 2019, following a loss of £18.6 million. Nutmeg has yet to make a profit. [6]

The company had around 80,000 customers and managed £2bn in assets as of January 2020.[7]

Personnel

Key personnel within the organisation include William Reeve (Chairman), Neil Alexander (CEO), Matt Gatrell (COO), Darragh Geraghty (Chief Risk and Compliance Officer) and James McManus (Chief Investment Officer). Board members are:[8] William Reeve, Chairman. Roman Cheng, Craig Anderson and Johnny Chen

Operations

Nutmeg’s investment division manages customer assets. It primarily uses Exchange-traded funds (ETFs) as their vehicle for investing customers’ funds.

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References
  1. "InvestCloud brings fintech incubator to London". FinTech Futures. Retrieved 2018-05-18.
  2. Nutmeg Saving and Investment Limited Companies House
  3. Discretionary Fund Manager Archived 2014-10-28 at the Wayback Machine The Financial Times
  4. Nutmeg mission statement The Financial Times
  5. Tech World Inspiration London Evening Standard
  6. "Chief executive of digital wealth manager Nutmeg to quit". CityAM. 2019-12-18. Retrieved 2020-07-08.
  7. "Nutmeg assets top £2bn following senior management shake-up". Wealth Manager. Retrieved 2020-07-08.
  8. https://www.nutmeg.com/about/nutmeg-board
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