Nutmeg now manages over £3 billion in assets for more than 130,000 UK investors, reaching what the firm is describing as a “significant milestone for both us and the sector as a whole”.

Announcing its 2021 Q1 results, the digital wealth manager said its assets under management (AUM) had grown 72 percent year-on-year. 

The number of clients has increased by 53 percent from Q1 2020, benefitting from an influx of new investors whose interest has been spiked during the pandemic.

Revenues have grown by 66 percent and the firm is moving closer to profitability, it said. Meanwhile, net inflows were up 230 p...