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Nutmeg vs Wealthify
Everyone’s going nutty for investing, we take a look at a couple of investment platforms side by side.
What's in this guide?
Investing has recently become a popular venture. Investment platforms are popping up all over the place, allowing everyone to try out investing, no matter how much experience or knowledge of the subject they have.
Two examples are Nutmeg and Wealthify, digital investment platforms that are designed to invest on your behalf.
But how do they compare?
Nutmeg vs Wealthify
 |  | |
| Overall rating | ★★★★★ | ★★★★★ |
| Markets and products rating | ★★★★★ | ★★★★★ |
| 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?
| | |
| 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 | ★★★★★ | ★★★★★ |
| Desktop/web app | ||
| iPhone app | ||
| Android app | ||
| Share price notifications | ||
| Go to site More Info | Go to site More Info |
Learning resources
| | |
| Rating | ★★★★★ | ★★★★★ |
| Guides and information on products available | ||
| Videos and walkthroughs | ||
| Demo account | ||
| Advice | ||
| 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 a market spread cost of 0.06%.
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.
Open an account with Wealthify and start investing today
- Start investing with as little as you want
- Withdraw your money anytime
- Download the app for free
- Refer a friend and get £25
Compare platforms similar to Nutmeg and Wealthify
Table: sorted by promoted deals first
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. Capital is at risk.
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