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What do you think of Nutmeg's fees?
I like the look of their S&S ISA - the portfolio they created aligned nicely with what I was thinking for a long term schooling / university investment.
Realised I now need to check that their fee - which around .75pc - is expensive for what is effectively non active investment.
Howard-
Nutmeg's fees are steep (although they do have a lower level of fee at .45pc for fixed allocation portfolios) for the fully managed portfolios but they still provide a good return after fees and appear to do a good job in managing portfolios (returns went up after Brexit for instance).
You are paying for the convenience as well though. You can spend 10 minutes setting up an account and risk profile, set up a direct debit and then leave them to it.
(Just realised that this was from about 6 months ago, you've probably decided by now.)
aggi
insert FCA 'capital at risk' warning here
I find the only drawback with Nutmeg is the temptation to check it daily, and the itchy trigger finger that comes with it.
This month I was up over 10% growth, which then dipped back down to 6ish% a week later.
As I say, Nutmeg suits me and my high(ish) appetite for risk as I will be making regular contributions (so any dip in market also = more units for my money) and I don't intend to touch it for minimum 18 years. Also FWIW, I was also super impressed by their preparation for, communication throughout and performance with the whole Brexit pigbath.
Doesn't stop me logging in every day and going "oooooh" or "oh." though.