We’re really excited to announce that you can now connect your Nutmeg investment accounts to Money Dashboard.
Please note: Nutmeg is currently only available in the NEW Money Dashboard app (see here for more information). Existing users will need to create a new account to get started and won’t be able to import historic transaction or tagging data.
What is Nutmeg?
Nutmeg is a digital wealth manager that helps you to build an investment portfolio, starting from £100 for a Lifetime ISA or £500 for General and ISA pots.
Nutmeg uses information you submit when signing up to construct your portfolio (such as your appetite to risk) and then continually rebalances and monitors performance to try and get you the best return.
As with other robo-advisors (like Wealthify), they are able to offer lower fees since they trade in bulk on behalf of all of their clients. They also use exchange-traded funds (ETFs) which generally bring lower fees and allow you to diversify your portfolio across types of assets, countries and sectors.
At the time of writing, the Nutmeg fees start at 0.75%/year and can go down to 0.25% for those investing large sums. You can check out Nutmeg reviews on their Trustpilot page here.
How does Nutmeg work with Money Dashboard?
This integration means users can now see their investments in any of Nutmeg's suite of products, including the Stocks & Shares ISA, LISA, Junior ISA, Pension and General Investment Account. When you connect your account to Money Dashboard, we'll add your account to our Investment accounts category, so you can track the performance of your investments alongside any other accounts you've added to our app.
We can't wait to continue rolling out more connections in the coming months. If you'd like to request a new provider, you can do so at the bottom of the dedicated page here or give us a shout on Twitter.