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Nutmeg launched with an ambitious mission: to democratise wealth management by empowering generations of investors. We’ve used technology to disrupt an exclusive industry and we‘ve opened up high-quality investing to many more people, at a radically low cost.

Our strategy has delivered strong investment returns over the past six years, helping our customers buy their first homes, invest for their retirements and achieve their financial goals. Thanks to the trust of well over 60,000 investors in the UK, we’re one of the fastest growing wealth managers in the UK. What’s more, 40% of our customers have never invested before; 35% are female, compared to a market average of just 26%; and the average age of our investor is 40, around 10 years younger than the industry average.

In six short years, we’ve become the largest digital wealth manager in the UK. It’s an honour – and, moreover, a huge responsibility – to be entrusted with our customers’ investments. We manage these investments as though they were our own (and for many Nutmeggers, including myself and the investment team, most of our investments are with Nutmeg). I think it goes without saying that challenging the wrongs of the industry and doing the right thing for our customers runs through our DNA, and this is our first priority.

But we’re not stopping there. By the end of 2019 we’re aiming to be a top five wealth manager and then in the top three. I’m therefore pleased to announce a fundraise which will inject £45 million* into Nutmeg. This will enable us to continue to deliver on our objective to be the most trusted and fastest growing digital wealth manager in the world, by delivering innovative new products and features that expand our offering. This funding will also enable us to expand, with an international B2B plug-and-play partnership model which leverages our proprietary technology and our operational expertise.

This is the largest ever investment into a digital wealth manager in Europe. The round was led by the Goldman Sachs Principal Strategic Investments Group, which makes long-term investments in fast-growing technology companies. Their investment firmly positions Nutmeg to be the global WealthTech winner, and is an endorsement of our investment proposition, our track record, and the brilliant team of committed professionals I am humbled to lead.

Convoy, the Hong Kong-based financial advisory firm, co-led the round. Convoy, who first invested in Nutmeg in 2016, shares our vision, our entrepreneurial spirit and our growth ambitions outside of the UK. We’re hugely excited to be working with Convoy on our launch into Hong Kong later this year and we thank them for their continued support.

In short, we’re focused on building a global digital wealth management business that will serve millions of investors in the UK and around the world. That takes vision, leadership, and investment from committed backers: Nutmeg has all three.

Thank you

I’d like to take this opportunity to thank you, our Nutmeg investors, for placing your trust in us to manage your investments. It is a privilege to serve you.

The work involved in getting Nutmeg to this point, of course, has been shared across the company. I’d also like to thank every member of the Nutmeg team – past and present – for their contributions and their sacrifices to make this brilliant business a reality.


  1. Fastest growing: PAM Asset Management, at the end of 2017 Nutmeg was the fastest growing wealth manager by percentage increase in customers over three and five years
  2. Market comparisons: Boring Money, July 2018, DIY Digital Wealth and Robo UK 2018
  3. Top eight wealth manager: PAM Asset Management, at the end of 2017 Nutmeg was the UK’s eighth largest wealth manager in the UK by customer numbers.

Risk warning

As with all investing, your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. Past performance and forecasts are not reliable indicators of future performance.

*Subject to FCA approval.