Both Nutmeg and Wealthify are “robo-advisors”, 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.
 |  | |
| Finder Score | 8.7Great | 8.5Great |
| Customer satisfaction survey | ★★★★★ | ★★★★★ |
| Fees score | 9.1Excellent | 8.8Great |
| Stocks and shares ISA available? | ||
| Go to Site |
You can open a stocks and shares individual savings account (ISA) to invest up to £20,000 tax free (in the 2026/2027 tax year) with both Nutmeg and Wealthify. Both providers are protected by the Financial Services Compensation Scheme (FSCS). This means you’re covered up to £120,000 on your deposits if they were to go bust.
| | |
| Stocks and shares ISA | ||
| Lifetime ISA (LISA) | ||
| Interest on cash balances | ||
| Keep in mind | Capital at risk | Capital at risk |
| Go to Site |
As we mentioned above, you can open a stocks and shares ISA with Nutmeg and Wealthify. They also both have private pensions available, which lets you save up for your retirement and get a top up from the government. The money is locked in until you turn 55, though.
Nutmeg lets you invest in a lifetime ISA (LISA). This lets you save up up £4,000 per year for your first home or for retirement. The government contributes £1,000 for every £4,000 invested. You can’t do this with Wealthify.
Winner: Nutmeg
| | |
| Risk assessment quiz | ||
| Number of portfolios on offer | 45 | 10 |
| Ethical portfolios on offer | ||
| Managed portfolios on offer | ||
| Go to Site |
Wealthify’s portfolio offering is huge compared with other robo-advisors with 10 portfolios to choose between. It’s got the Wealthify original portfolio and an ethical portfolio. You can choose from 5 risk profiles with each one.
Nutmeg has a total of 30 portfolios. It’s got four options, each with 5 or 10 risk options to choose between. Both have fully managed portfolios and ethical options.
Winner: Nutmeg
| | |
| Fees score | 9.1Excellent | 8.8Great |
| Annual cost of investing £10,000 | £105.00 | £82.00 |
| Annual cost of investing £100,000 | £1050.00 | £820.00 |
| Annual cost of investing £1m | £6,900.00 | £8,200.00 |
| Go to Site |
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).
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.
Winner: Wealthify
| | |
| Features score | 6.7Standard | 8.3Great |
| 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 |
| Go to Site |
Both providers have similar features on offer. In both cases you can view your investments on a desktop browser and in-app. You can top up your account and access news and research within the app for both providers too.
Winner: Tie
| | |
| Resources rating | ★★★★★ | ★★★★★ |
| Guides | ||
| Videos and walkthroughs | ||
| In-depth learning tools (training courses, etc.) | ||
| Demo account | ||
| Advice | ||
| Go to Site |
Nutmeg is slightly better than Wealthify when it comes to learning resources, but neither one has a huge amount on offer. Robo-advisors are often a first step in investing – mostly users go on to research and create their own portfolios. This is made possible with a provider’s learning resources, such as guides, videos, walkthroughs and demo accounts.
Nutmeg and Wealthify both have guides, but neither have demo accounts, videos or walkthroughs.
Nutmeg does have an advisory feature, but it costs extra.
Winner: Nutmeg
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.
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.
Investing platform IG is offering a temporary 7% interest rate on uninvested cash to new UK clients.
Find out about the features, fees, and much more in our expert review of the commission-free XTB trading platform.
The Lightyear app is a cheap option for investing in stocks and ETFs with a free stocks and shares ISA. We provide an expert hands-on review to give you insights.
We’ve reviewed AJ Bell’s new trading platform, Dodl to take a look at the fees, features and what you can trade with this upcoming app.
Find out what we thought of Interactive Brokers, some key features, information about its platforms and how much Interactive Brokers costs.
Online trading giant eToro lets you buy stocks with no commission, but is it the best option for traders and investors?
The Freetrade app lets you buy and sell UK, US, and EU stocks with minimal fees. We look under the bonnet to find out just how free this investing platform actually is.
We look at Wealthify’s stocks and shares ISA, SIPP, JISA, and GIA. We’ve reviewed all Wealthify options, covering fees, features, and safety.
If you’re interested in investing but don’t know where to start, Moneybox might be the solution for you. We review its features, charges and ISA options.
Hargreaves Lansdown is the UK’s biggest and most comprehensive wealth manager, so it’s not the cheapest. We cover everything in this review.