Nutmeg is an online investment management company based in London. The company was founded in April 2011 and is registered in the United Kingdom as Nutmeg Saving and Investment Limited.
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 provides investors with online access to investment management taking their inspiration from the tech world rather than the financial sector.
Video Nutmeg (company)
History
Nutmeg was founded in 2011 by Nick Hungerford and William Todd. Major shareholders include Timothy Draper, Daniel Aegerter via Armada Investment Nigel Wray, John Kay, R Todd Ruppert, Balderton Capital, Schroders, Sir Charles Dunstone, Michael Spencer and Pentech Ventures. Hungerford served as Chief Executive Officer until he was replaced by Martin Stead in May 2016.
Nutmeg had 40,000 customers in April 2017.It raised £30 million from Hong Kong Convoy Financial Services in November 2016.
Maps Nutmeg (company)
Personnel
Key personnel within the organisation include Craig Anderson (Chairman), Martin Stead (CEO), Ewan Silver (CTO), Catherine Prentke (Chief Marketing Officer), Shaun Port (Chief Investment Officer), Daniel Aegerter, Stephen Clark, Nick George and Klaus Hommels.
Operations
Nutmeg's investment division manages customer assets. It primarily uses Exchange-traded funds (ETFs) as their vehicle for investing customers' funds.
Awards
Nutmeg has been the recipient of several Industry awards to date, including:
- Good Web Guide Awards 2014 - Website of the year
- eCommerce Awards for Excellence 2014 - Best Consumer Finance eCommerce
- Euromoney Awards 2014 - Innovations in Wealth Management Technology
- Growing Business Awards 2013 - Digital Champion
- Financial World Innovation Awards 2013 - 1. Innovation in customer proposition and product design 2. Investments and Innovation in the delivery of financial products
- Financial News 2013- 40 under 40 Rising Stars of Asset Management
- BVCA Management Team Awards 2014 - Best for Innovation
- Wealthbriefing European Awards 2014 - Winner - INNOVATIVE CLIENT SOLUTION
- Fstech Awards - Winner - Best Use of Online Services
- FinTech50 2014 - Named as one of the 50 most innovative and disruptive brands in financial technology for 2014
- Finovate Europe 2012 - Winner Best Of Show
References
External links
- Official website
Source of article : Wikipedia
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