Dodl is a UK investment platform from AJ Bell offering a range of investments and ready-made portfolios. We’ve put Dodl up against Nutmeg to find out whether Dodl is better than Nutmeg.
As Nutmeg offers only robo-advice (compared with Dodl’s additional investment options), we’re only comparing the robo-advisor capabilities of these providers. We’ve compared the products available, the portfolios on offer, the fees, features and learning resources of both platforms.
 |  | |
| Finder Score | 8.1Great | 8.7Great |
| Customer satisfaction survey | ★★★★★ | ★★★★★ |
| Fees score | 9.2Excellent | 9.1Excellent |
| Stocks and shares ISA available? | ||
| FSCS protected? |
For vital stats, both Dodl and Nutmeg do well, with both having a stocks and shares ISA available at no additional cost. Both platforms are protected with the Financial Services Compensation Scheme (FSCS), which means that you’re protected up to £120,000 if either company were to go bust.
| | |
| General investment account | ||
| Stocks and shares ISA | ||
| Lifetime ISA (LISA) | ||
| Pension (SIPP) | ||
| Junior ISA (JISA)/Junior SIPP (JSIPP) | ||
| Interest on cash balances | ||
| Keep in mind | Capital at risk | Capital at risk |
Both Dodl and Nutmeg let you invest in a stocks and shares ISA and a self-invested personal pension (SIPP), and a Lifetime ISA (LISA), which lets you save up to £4,000 each tax year for your first home or for retirement. The government contributes £1,000 for every £4,000 invested.
Winner: Tie
| | |
| Portfolios rating | ★★★★★ | |
| Risk assessment quiz | ||
| Number of portfolios on offer | 7 | 45 |
| Ethical portfolios on offer | ||
| Managed portfolios on offer |
Dodl has a great range of ready made portfolios, with AJ Bell’s 7 portfolios available to invest in. These are fully managed and there are ethical choices available. Nutmeg wins in this case, as it’s got a huge number of portfolios available, with 30 on its platform. Portfolios are fully managed, and you have the option to invest ethically with Nutmeg, too.
Winner: Nutmeg
| | |
| Fees score | 9.2Excellent | 9.1Excellent |
| Annual cost of investing £10,000 | £15.00 | £105.00 |
| Annual cost of investing £100,000 | £150.00 | £1050.00 |
| Annual cost of investing £1m | £1500.00 | £6,900.00 |
Winner: Dodl
| | |
| Features score | 5Standard | 6.7Standard |
| Desktop or web access | ||
| iPhone app | ||
| Android app | ||
| In-app news and research | ||
| In-app top-up | ||
| Keep in mind | Capital at risk | Capital at risk |
The graphs in Dodl are pretty nice, you can select a part of the graph and it tells you the price and the date, so they’re more interactive than other apps we’ve reviewed. The nice thing about Nutmeg is you can view this data on desktop as well as in-app.
Winner: Nutmeg
| | |
| Resources rating | ★★★★★ | ★★★★★ |
| Guides | ||
| Videos and walkthroughs | ||
| In-depth learning tools (training courses, etc.) | ||
| Demo account | ||
| Advice |
Nutmeg does offer financial advice at a cost.
Winner: Dodl
We think that both platforms have great ready-made offerings for beginners, but we think that Dodl’s fees mean that it comes out better than Nutmeg, plainly because they’re so much lower than Nutmeg’s fees (and honestly most providers we’ve reviewed).
Nutmeg has a larger investment offering available and is still a great choice of robo-advisor if Dodl’s monsters scare you a little.
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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