Loss-making Nutmeg hits £3bn AUM as it inches towards profitability
Loss-making Nutmeg hits £3bn AUM as it inches towards profitability Digital wealth manager saw a 230% year-on-year increase in net inflows Nutmeg’s assets under management have hit £3bn for the first time as the digital wealth manager inches towards profitability. The robo adviser’s assets under management rose by 72% year-on-year, with a 230% year-on-year increase in net inflows, according to figures for the first three months of this year. Client numbers jumped 53% since Q1 2020 to more than 130,000 as the pandemic sparked a spike in retail investing. However, the digital wealth manag...
Source: portfolio-adviser.com