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Nutmeg vs Wealthify
Find out how investing platforms Nutmeg and Wealthify compare for costs and features. Plus, our verdict on which is best.
Both Nutmeg and Wealthify are “robo-advisers”, meaning they offer ready-made portfolios based on your risk appetite, and are generally suited to beginners. But how do they compare on costs and features? We’ve put them side by side.
What's in this guide?
Nutmeg vs Wealthify
 |  | |
| We say | ★★★★★ | ★★★★★ |
| You say | ★★★★★ | ★★★★★ |
| ISA available? | ||
| Financial instruments | ★★★★★ | ★★★★★ |
| Costs rating | ★★★★★ | ★★★★★ |
| Mobile and web features rating | ★★★★★ | ★★★★★ |
| Learning resources and tools rating | ★★★★★ | ★★★★★ |
| Go to site More Info | Go to site More Info |
What markets and products do they cover?
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| Rating | ★★★★★ | ★★★★★ |
| Risk assessment quiz | ||
| 3 or more portfolios | ||
| 5 or more portfolios | ||
| ETFs | ||
| Stocks and shares ISA | ||
| Pension (SIPP) | ||
| Lifetime ISA (LISA) | ||
| Junior products | ||
| Ethical investing | ||
| Go to site More Info | Go to site More Info |
Costs of investing
| | |
| Rating | ★★★★★ | ★★★★★ |
| Cost of investing £10,000 | £100.00 | £82.00 |
| Cost of investing £100,000 | £600.00 | £820.00 |
| Cost of investing £1m | £6,000.00 | £8,200.00 |
| Average cost per £100 | £0.65 | £0.82 |
| Go to site More Info | Go to site More Info |
Mobile and web features
| | |
| Rating | ★★★★★ | ★★★★★ |
| iPhone app | ||
| Android app | ||
| Desktop/web app | ||
| Notifications | ||
| Go to site More Info | Go to site More Info |
Learning resources
| | |
| Rating | ★★★★★ | ★★★★★ |
| Guides | ||
| Videos | ||
| Demo account | ||
| Go to site More Info | Go to site More Info |
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Nutmeg vs Wealthify: costs
Nutmeg charges 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% investments up to £100,000 and then 0.35% on investments beyond that. Nutmeg also charges a 0.19% investment fund cost and an average market spread cost of 0.07%.
Wealthify charges a flat rate of 0.6% on your investment amount, plus fund fees of around 0.22% (0.66% for ethical investing).
What does that all actually mean?
If you invest £10,000 with Nutmeg, then you’ll spend £100 (in a year).
If you invest £10,000 with Wealthify, then you’ll spend £82 (in a year).
We got these numbers off the provider websites, so if you want to check out how much your investment will cost you, head over to their sites.
Our verdict: Is Nutmeg better than Wealthify?
These two platforms are pretty similar. Nutmeg has a few more options available, such as the LISA. It also offers investment advice, which Wealthify doesn’t currently offer. Wealthify’s fees tend to be lower for investments up to £100,000. If you’re investing more than £100,000, then Nutmeg is likely to work out cheaper.
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Compare platforms similar to Nutmeg and Wealthify
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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.
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