Picture not described

Nutmeg vs Hargreaves Lansdown

You might recognise the names of both of these investment platforms, but they don't quite offer the same thing.

Nutmeg is a robo-advisor, which means that it manages your investments on your behalf based on your risk appetite. Hargreaves Lansdown is an established investment platform that’s typically used for share dealing, but it does have some ready made portfolios for those looking for a robo-advisor. We’ve compared them side by side on their products, portfolios, features and costs to help you choose.

Nutmeg vs Hargreaves Lansdown: Vital statistics

Nutmeg stocks and shares ISAHargreaves Lansdown
Finder rating★★★★★★★★★★
Customer satisfaction rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Stocks and shares ISA available?
FSCS protected?
Go to site
More Info
Go to site
More Info

Both Nutmeg and Hargreaves Lansdown have individual savings accounts (ISAs) available. These let you invest up to £20,000 in the 2021/2022 tax year without paying any tax on your profits.

Both providers are FSCS protected. This means that up to £85,000 of your deposits are covered if they were to go bust.

Round 1: Products

Nutmeg stocks and shares ISAHargreaves Lansdown
Stocks and shares ISA
Lifetime ISA (LISA)
Pension
Go to site
More Info
Go to site
More Info

Both providers have stocks and shares ISAs, lifetime ISAs and pensions available.

As we mentioned before, a stocks and shares ISA lets you invest up to £20,000 in the 2021/2022 tax year without paying any tax on your profits. A lifetime ISA is another type of tax wrapper that lets you save up to £4,000 per year towards your first home or retirement and get a top of from the government.

A private pension locks away your savings until you turn 55, and you get a top up from the government for it too.

  • Winner:Tie

Round 2: Portfolios

Nutmeg stocks and shares ISAHargreaves Lansdown
Portfolios rating★★★★★★★★★★
Risk assessment quiz
Number of portfolios on offer306
Ethical portfolios on offer
Managed portfolios on offer
Go to site
More Info
Go to site
More Info

Hargreaves Lansdown has 6 ready-made portfolios available to invest in – 3 income and 3 growth. This is on par with its competitors, where you generally see up to 5 portfolios. You get a choice of 3 different risk profiles for each type. It doesn’t have a dedicated portfolio for ethical investing.

Nutmeg has the highest number of portfolios from the robo-advisors we’ve reviewed, with 30 in total. You can choose between Smart Alpha, fixed Allocation, socially responsible and fully managed portfolios. Each one has either 10 or 5 risk profiles to choose from.

  • Winner:Nutmeg

Round 3: Costs

Nutmeg stocks and shares ISAHargreaves Lansdown
Costs rating★★★★★★★★★★
Annual cost of investing £10,000£105.00£45
Annual cost of investing £100,000£1050.00£250
Annual cost of investing £1m£6,900.00£1000
Go to site
More Info
Go to site
More Info

Both Nutmeg and Hargreaves Lansdown charge based on how much you invest. They have very similar costs, but which one you decide to go with will depend on how much you are investing.

Nutmeg’s fees are pretty simple. For its fully managed portfolio, it charges 0.75% on investments up to £100,000 and then 0.35% on investments beyond that. Nutmeg also charges a 0.19% investment fund cost and a market spread cost of 0.07%.

Hargreaves Lansdown has a very similar charging structure. It charges 0.45% on investments up to £250,000, 0.25% on investments between £250,000 and £1 million, 0.1% on investments between £1 million and £2 million, and investments over £2 million are free.

We got Nutmeg’s figures from the handy calculator on its website. You can enter in the amount that you plan to invest and it’ll give you the cost. In the case of Hargreaves Lansdown, we did it the old fashioned way, with a calculator, pen and paper and the costs outlined above.

  • Winner:Hargreaves Lansdown

Round 4: Mobile and web features

Nutmeg stocks and shares ISAHargreaves Lansdown
Features rating★★★★★★★★★★
Desktop or web access
iPhone app
Android app
In-app news and research
In-app top-up
Go to site
More Info
Go to site
More Info

Both Hargreaves Lansdown and Nutmeg have desktop access and iPhone and Android apps. You can access news and research in both apps and top-up within the app.

  • Winner:Tie

Round 5: Learning resources

Nutmeg stocks and shares ISAHargreaves Lansdown
Resources rating★★★★★★★★★★
Guides
Videos and walkthroughs
Demo account
Advice
Go to site
More Info
Go to site
More Info

Hargreaves Lansdown is the clear winner here for its learning resources as it’s got guides, videos, walkthroughs, a demo account and an advice service. Nutmeg has some guides on its products available and a paid for advice service.

  • Winner:Hargreaves Lansdown

Overall winner: Is Nutmeg better than Hargreaves Lansdown?

Nutmeg is suitable if you are interested in basic investing with pre-made portfolios, but if you’re looking for share trading or DIY portfolios then you’re more suited to Hargreaves Lansdown. Hargreaves Lansdown covers all bases with basic investing, share trading, share dealing, a pension, lifetime ISA and ready-made portfolios. It also has competitive prices, as you can see above.

Promoted
Hargreaves Lansdown

Easy, low-cost account with the UK's biggest investment platform Hargreaves Lansdown

Your capital is at risk.

  • UK’s largest investment manager with huge range of investments
  • Invest in funds, global shares, bonds, ETFs and more
  • Detailed online resources and Bristol-based helpdesk available
  • Open an account in minutes with your debit card and NI number

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

More guides on Finder

  • How to trade Pink Sheet stocks

    Find out about Pink Sheet Stocks are, including some examples of Pink Sheet Stocks, the risks involved and how to invest in some.

  • Which brokers are still trading GME?

    We’ve put together this list of providers we’ve reviewed on our site with the latest information.

  • Best pension drawdown

    Find out the best pension drawdown for different sized pension pots and different investing aims. We’ve compared the different providers.

  • Best performing funds 2020

    Find out which funds have performed the best over the last 5 years.

  • How to invest £100,000

    The complete guide on how and where to invest £100,000, including the best investments for income, returns and risk.

  • Hargreaves Lansdown alternatives

    Find out four alternatives to Hargreaves Lansdown and whether they’ll save you money on your investments.

  • Fidelity vs Hargreaves Lansdown

    Both Fidelity and Hargreaves Lansdown offer plenty of options for your investments at a much lower price than some of their competitors.

  • interactive investor vs Hargreaves Lansdown

    interactive investor and Hargreaves Lansdown are two established and very similar investment platforms suitable for beginners.

  • IG vs Hargreaves Lansdown

    Both of these platforms are suitable for comprehensive investing, with share dealing and trading available while still being suitable for beginners.

  • Trading 212 review

    We review the features and costs of Trading 212, an investment platform designed to teach you about investing and let you buy shares with zero fees.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site