Investing costs and charges,
explained

1.04%

If you invest


Approximate total cost of investing in a with Nutmeg,
made up of:

Estimated cost of investing over the next 12 months (assuming returns of 0%)

0.75% on up to £100k, 0.35% beyond

Nutmeg fee per annum, including VAT

Like other investment managers, Nutmeg charges a fee for managing investments. This is charged by us as a percentage of your portfolio value, and it includes VAT. We calculate the fee daily based on your portfolio value at the close of business, and then collect fees automatically from your Nutmeg account once a month. Learn more, including how to see what you’ve paid


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0.19%

Average investment fund cost per annum

When you invest with Nutmeg, as with any other investment manager, we use your money to buy investments on your behalf. These funds carry their own charges that impact your portfolio performance. But that’s why we primarily use exchange-traded funds (ETFs) — to keep your costs as low as possible. Learn more about the investments we choose


The 0.19% average investment fund cost is based on a 3 year annualised investment fund cost for Nutmeg fully managed portfolios, asset-weighted as at 1/12/2017. The 0.17% average investment fund cost is based on a simple average investment fund cost for Nutmeg fixed allocation portfolios as at 1/12/2017. Source: Nutmeg portfolio holding data between 01/01/2015 and 31/12/2017.

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0.10%

Average effect of market spread per annum

When you invest with Nutmeg, we buy and sell assets on your behalf. Like all trading activity, during this process we’re subject to market spread. This is defined as the difference between the price to buy, and the price to sell.

To give you an example, when exchanging currency for a holiday abroad, you’ll see a different price when buying the foreign currency than when selling it back again. The price you buy at is known as the 'offer' price and the price you sell at is the 'bid' price. The difference between them is known as the bid-offer, or market spread.

At Nutmeg, we use exchange-traded funds (ETFs) to build your portfolio, which, like currencies and most financial instruments, have a market spread. We work hard to choose ETFs with smaller spreads, and we combine customer orders when trading to minimise this cost.

Read more about how we reduce the inherent costs of investing

The 0.10% average effect of market spread cost is based on the 3 year annualised effect of market spread for fully managed portfolios. Source: Asset-weighted average, Nutmeg trade data between 01/01/2015 and 30/09/2017 annualised to 31/12/2017.