Online investment manager Nutmeg has launched this week, allowing users to split their savings into as many targeted funds as they like.
UK online investment manager Nutmeg launched this week to offer private banking services for all. The finance service aims to make investing straightforward and relevant by allowing users to start lots of different funds for their needs (such as saving for their first home, their children’s education, or putting money aside for a rainy day). For each fund, they can set a target amount to raise, when they need it, how much they want to invest, and the level of risk they are comfortable with.
Nutmeg chooses the optimal balance of investments for their circumstances and invests on their behalf, with a portfolio that can be monitored 24/7 and funds that can be withdrawn or topped-up at any time. Nutmeg’s service is open to UK residents over 18 with a minimum deposit of £1,000.
Check out the video below for more info on the service: