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J.P. Morgan employee offer

As a J.P. Morgan employee, you and one nominated family member or friend, can benefit from a reduced Nutmeg management fee of 0.30% across all Nutmeg investment styles. The offer will also apply to any ISA, Junior ISA or Pension transfers that you initiate from other providers.

Terms and conditions apply

As with all investing, your capital is at risk. Tax treatment depends on your individual circumstances and may be subject to change in the future.

Important: Please read before taking action

As a J.P. Morgan employee you are entitled to a reduced 0.30% Nutmeg management fee across all Nutmeg investment styles. You are also entitled to apply this management fee rate to one additional account of a friend or family member of your choosing. Please note, both you and your friend or family member need to live in the UK. Unfortunately, US citizens are unable to open a Nutmeg account.

We know that investing for their children's future is a goal for many parents. Therefore the reduced 0.30% portfolio management fee rate will also be applied to any Nutmeg Junior ISAs you open and will not count as your one nominated family member or friend.

If you are new to Nutmeg

If you are currently not a Nutmeg client, please enter your J.P. Morgan email address into the relevant section in the email form below and continue to onboard as normal. You will need to onboard using your J.P.Morgan email address. This can be changed to your personal email address at a later date by contacting support@nutmeg.com. Your reduced management fee rate will be applied within 30 days of your first investment date.

If you know which friend or family member you would like to also benefit from a reduced management fee rate please enter their email into the friends and family field in the form below. If they are not currently a Nutmeg client they can then onboard at their leisure, however, please ensure they do this using the same email address as the one you enter below. If they are already a Nutmeg client their new fee rate will be applied within 30 days.

If you do not currently know which friend or family member you would like to benefit from the reduced management fee rate then you can leave that box blank for now. At a later date, once your friend or family member has invested, you can email support@nutmeg.com from your J.P. Morgan email address, asking for this to be applied. You will need to include your Nutmeg custodian number (starts with NE) and the email address and custodian number of your friend or family member.

Already a Nutmeg client?

If you are already a Nutmeg client and wish to receive the reduced management fee rate, then you do not need to use the email form below. Instead, please email the Nutmeg team at support@nutmeg.com from your J.P Morgan email address requesting the rate to be applied to your existing account. Make sure you include the email address registered to your Nutmeg account as well as your Nutmeg custodian number (starts with NE). If your family member or friend is also a Nutmeg client, please include their email address and custodian number as well and their rate can also be applied.

If you do not currently know which friend or family member you would like to benefit from the reduced management fee rate then you don't need to include this right away. At a later date, once your friend or family member has invested, you can email support@nutmeg.com from your J.P. Morgan email address, asking for this to be applied. You will need to include your Nutmeg custodian number (starts with NE) and the email address and custodian number of your friend or family member.

If you have any questions or queries please contact the Nutmeg team at support@nutmeg.com

Why choose Nutmeg?

We were the first and we’re now the largest digital wealth manager in the UK with 200k clients. We don’t hide behind complex pricing structures or financial jargon. We don’t keep you in the dark when it comes to your investments or how they’re performing. Instead, we give you complete transparency, and want you to feel empowered.

1

Experienced

Our in-house investment team have built a range of intelligent portfolios and can adjust them to your risk appetite and style. Like the idea of investing with a socially responsible focus? You can do just that with Nutmeg.

2

Straightforward

It's easy to open an account or transfer investments to Nutmeg. Log in from any device and start with £500. We charge no exit fees, speak plain English, and give you the flexibility to change your investment style altogether.

3

Transparent

At Nutmeg, we’ll keep you up to date on what exactly you’re invested in and how your investments are performing. Our client services team will be on-hand to answer any questions you have.

Recognised

Nutmeg has been awarded Boring Money Best Buy ISA 2022

Protected

Your money and assets are held separately with Barclays and State Street

Trusted

We asked for your feedback and you rated us 'Great' on TrustPilot

Tax treatment depends on your individual circumstances and may be subject to change in the future

Choose your investment style

All four Nutmeg investment styles are built by experts and use exchange traded funds to diversify across stocks, bonds, industries, even countries. Choose the one that works for you. 

Fully Managed

Proactively managed portfolio

These portfolios are proactively managed by our experienced investment team. This means they will regularly make strategic adjustments to try and protect against losses and boost returns.

Annual costs and charges

0.75% up to £100k, 0.35% beyond

+Average investment fund cost: 0.21%

+Average market spread: 0.08%

Smart Alpha

Powered by J.P. Morgan Asset Management

J.P. Morgan Asset Management adapts your portfolio during changing market conditions, while using their in-house research to select securities with the aim of delivering better returns.

Annual costs and charges

0.75% up to £100k, 0.35% beyond

+Average investment fund cost: 0.33%

+Average market spread: 0.08%

Socially Responsible

With a focus on the environment and society

Our socially responsible portfolios (SRI) are tilted towards companies and bond issuers that have high environmental, social and governance (ESG) standards. As with our Fully Managed style, these portfolios are proactively managed by our investment team.

Annual costs and charges

0.75% up to £100k, 0.35% beyond

+Average investment fund cost: 0.33%

+Average market spread: 0.08%

Fixed Allocation

Assets without intervention at a low cost

These portfolios are designed to perform without the intervention of our investment team. Your portfolio will be automatically rebalanced to ensure your investments match your risk level, but the assets will only be reviewed once a year to make sure they're still right for you.

Annual costs and charges

0.45% up to £100k, 0.25% beyond

+Average investment fund cost: 0.18%

+Average market spread: 0.08%

Terms and Conditions

Eligibility

1. To be eligible for this offer you must be:

a. either a J.P. Morgan employee or a friend or family member of a J.P. Morgan employee;

b. a UK resident and not a U.S national; and

c. capable of being accepted as a client of Nutmeg Saving and Investment Ltd (“Nutmeg”), in accordance with the requirements of Nutmeg’s Standard Terms and Conditions , and all applicable law.

2. The J.P. Morgan employee may only nominate one friend or family member to receive the discount.

Validating the offer for J.P. Morgan Employees

3. To validate this offer and benefit from the discounted portfolio management fee ("Promotional Fee Rate"), you must do each of the following:

a. sign up using your J.P. Morgan email address, via the link www.nutmeg.com/promo/jpmorgan; and

b. fund your new Nutmeg product by:

i. in the case of an ISA or General Investment Account, making a minimum initial investment of £500; or

ii. in the case of Nutmeg Pension, making a minimum initial investment of £500; or

iii. in the case of a Nutmeg Lifetime ISA or Junior ISA, making a minimum investment of £100.

4. To nominate a friend or family member to benefit from the Promotional Fee Rate, enter their email address in the form via the link in 3a above.

 
Validating the offer if you are the friend or family member of the J.P. Morgan employee

5. To validate the offer where you are the friend or family member of the J.P. Morgan employee, you must do each of the following:
a. complete the Nutmeg sign-up process via the following link https://signup.nutmeg.com/register

b. sign up using your email address which should be the same address provided by the J.P. Morgan employee as per section 4 above.

c. fulfil the funding criteria in 3b listed above.

When and how will the discounted Nutmeg fees be applied

6. The Promotional Fee Rate will be applied within thirty (30) days of the funds in your Nutmeg account first being traded (“First Traded Date”).

 

7. The discounted fees will be applied as follows:

Fully Managed, Socially Responsible and Smart Alpha Portfolios Investment Styles
Total value in the Managed Investment Styles: Any amounts = Annual Management Fee: 0.3% per annum including VAT where applicable


Fixed Allocation Investment Style
Total value in the Fixed Allocation Investment Style: The first £100,000 = Annual Management Fee: 0.3% per annum including VAT where applicable

Total value in the Fixed Allocation Investment Style: Any amount above £100,000 = Annual Management Fee: 0.25% per annum including VAT where applicable

For example, this means a customer who has £150,000 in their portfolio invested in the Fixed Allocation investment Style would pay the following fees:

0.3% on the first £100,000 in the portfolio; and

0.25% on the remaining £50,000 in the portfolio. 

If you are an existing Nutmeg client
8. You may benefit from the Promotional Fee Rate if you are already a Nutmeg client.
The J.P. Morgan employee should do the following:
a. to benefit from the Promotional Fee Rate where they are the existing Nutmeg client, contact Nutmeg at support@nutmeg.com from their J.P. Morgan email address, providing their Nutmeg account number; and

b. to nominate a friend or family member to benefit from the Promotional Fee Rate, contact Nutmeg at support@nutmeg.com from their J.P. Morgan e-mail address, including the email address and Nutmeg account number of the friend or family member. 

Nutmeg will then apply the Promotional Fee Rate to your account within thirty (30) days.

If you leave J.P. Morgan

9. The Promotional Fee Rate will still apply to you and your friend or family member if you leave J.P. Morgan, however please contact Nutmeg to replace your J.P. Morgan email address with your personal one.

General

10. These terms add to Nutmeg’s Standard Terms and Conditions. If there's a conflict between any term in Nutmeg’s Standard Terms and Conditions and one here, then the terms here will apply.

11. Nutmeg reserves the right to withdraw this offer at any time without prior notice in cases of suspected abuse, fraud or violation of these terms or Nutmeg’s Standard Terms and Conditions.

12. The Nutmeg ISA, Lifetime ISA, GIA and Pension, and transfers and withdrawals, are subject to, and governed by, Nutmeg's Standard Terms and Conditions

13. Your Nutmeg account is subject to other charges such as fund costs and market spread. The details of these are available here and in section 7 above.

14. Nutmeg reserves the right to change, terminate or withdraw the Promotional Fee Rate and these terms by giving you 30 days’ notice in line with Nutmeg’s Standard Terms and Condition.

Nutmeg Saving and Investment Limited is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority’s address is 12 Endeavour Square, London E20 1JN, www.fca.org.uk. Nutmeg’s firm registration number is 552016. Nutmeg is covered by the Financial Services Compensation Scheme. There is more information about this in Nutmeg’s Standard Terms and Conditions.