Nutmeg notches up 80,000 clients and £2bn AUM

Robo-adviser Nutmeg believes it has bucked the trend in the beleaguered digital adviser sector with 41% year on year growth in AUM.

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Editor’s Comment: So is it all over for the robo-advisers?

 

I remember a few years back when I worked at another media business that we had a presentation from a senior bod about the exciting technological future awaiting the company.

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Robo-adviser Nutmeg’s CEO leaves the business 

Nutmeg, one of the best-known robo-advisers, has promoted chief financial and operating officer Neil Alexander to replace chief executive Martin Stead who is leaving early in 2020 to move overseas.

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Robo advisers see sharp rise in popularity

Robo-advisers were selected as the preferred investment provider by 4% of the UK's mass affluent investors, a sharp increase on the 1.3% seen in 2018.

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