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

by MoneySaverExpert

Nutmeg is currently one of’s best buys for Stock and Shares ISAs and Lifetime ISAs. But both JPMorgan Chase (JPMC) and Nutmeg told us the services and products used by Nutmeg customers are not affected in the short-term by the deal, which is still subject to regulatory approval.

This means you do not need to do anything or change the way you use Nutmeg as the services you receive aren’t changing for now. For example, to open one of Nutmeg’s LISAs, you’ll continue to need a minimum deposit of £100 and its annual platform charge will remain at 0.45% or 0.75% depending on which investment portfolio you opt for, with no transfer out fee. 

Longer-term, JPMC plans to invest in Nutmeg with the aim of expanding its range of services and products, as well as building on its “customer experience”. If you need to get in touch with Nutmeg, the process is still the same and its customer services team can be contacted via its web page, where you’ll find its email address. Alternatively, you can call it on 020 3598 1515.

See our Stocks and Shares ISAs and Lifetime ISAs guides for more on how they work and our current top picks. 

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