Nutmeg offers one of the widest ranges of portfolios on the market.
First, you’ll need to choose if you want a fixed or managed portfolio.
A fixed portfolio carries the lowest annual cost and acts in a similar way as an index tracker. This type of portfolio fixes percentages of assets invested. This means the portfolio stays in the same investments no matter what the market is doing.
By comparison, the managed portfolios aim to beat the market by moving your money between assets types and reacting to a changing market. Managed funds require more work and so carry a higher cost.
Within each portfolio type, you will be able to choose the risk you want to take. The risk level varies between portfolio types between low or cautious and high or aggressive risk profiles.
When signing up for an account, Nutmeg will walk you through a series of questions to gauge your risk profile. This can always be adjusted at a later date.
Additionally, Nutmeg offers a fully managed socially responsible portfolio for those wishing to ensure their money has a positive impact. Unlike other providers, Nutmeg‘s platform fees for socially responsible portfolios are the same as their other managed funds, although the underlying funds do carry a premium.