Nutmeg’s sale to JPMorgan shows big losses are no impediment to good shareholder returns

Ian Orton, 18/06/2021

The purchase of Nutmeg Savings and Investments by JP Morgan Chase for a price believed to be around £700 million, closes another chapter in the relatively brief history of the UK’s biggest digital wealth management company.

Whether or not it provides the prelude to a new chapter remains to be seen.

The likelihood is that Nutmeg, together with its brand, will be completely subsumed within what is currently the world’s largest bank.

Notwithstanding all Nutmeg’s efforts t...

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