Industry Investment Management CEO Martin Stead (May 2016–) Headquarters London | Website www.nutmeg.com Founded 2011 Type of business Private | |
Key people Martin Stead, CEO
Nicholas George, Chairman
Lee Cowles, Managing Director |
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.
Contents
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.
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 August 2016.
Nutmeg had 95,000 users in April 2016. It raised £30 million from Hong Kong Convoy Financial Services in November 2016. Assets under management were reported to be US$751 million as of February 2017.
Personnel
Key personnel within the organisation include Craig Anderson (Chairman), Martin Stead (CEO), Ewan Silver (CTO), Catherine Prentke (Commercial Director), 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: