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|Headquarters||Vauxhall, London, UK|
|Neil Alexander, CEO |
William Reeve, Chairman
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). 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 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.
Nutmeg managed portfolios worth £1.9 billion as of December 2019.
The company had around 80,000 customers and managed £2bn in assets as of January 2020.
Key personnel within the organisation include Neil Alexander (CEO), Matt Gatrell (COO), Darragh Geraghty (Chief Risk and Compliance Officer) and James McManus (Chief Investment Officer). Board members are: William Reeve (Chairman), Johnny Chen, Roman Cheng, Craig Anderson, Stephen Clark, Neil Alexander and Matt Gatrell.
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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