Nutmeg Schedule of Fees and Charges
Effective from 5 December 2024
Annual management fee
We will charge you an annual management fee for the discretionary management of your Portfolio. This fee is calculated and accrued daily and deducted from your Portfolio each month.
Our annual management fee is calculated as a percentage of the value of investments that we hold for you in each relevant type of Investment Style, as follows:
a. Managed Investment Styles:
Fully Managed, Socially Responsible Investing, Thematic investing and Smart Alpha Investment Styles
Total value in the Managed Investment Style(s) | Annual Management Fee |
|---|---|
The first £100,000 | 0.75% per annum incl. VAT |
Any amount above £100,000 | 0.35% per annum incl. VAT |
Amounts in each Managed Investment Style are combined for the purposes of this calculation.
For example, this means a customer who has £150,000 in their Portfolio invested equally across the four Managed Investment Styles would pay the following fees:
- 0.75% on the first £100,000 in the Portfolio; and
- 0.35% on the remaining £50,000 in the Portfolio
b. Fixed Allocation Investment Style:
Total value in the Fixed Allocation Investment Style | Annual Management Fee |
|---|---|
The first £100,000 | 0.45% per annum incl. VAT |
Any amount above £100,000 | 0.25% per annum incl. VAT |
For example, this means a customer who has £150,000 in their Portfolio invested in the Fixed Allocation Investment Style would pay the following fees:
- 0.45% on the first £100,000 in the Portfolio; and
- 0.25% on the remaining £50,000 in the Portfolio.
c. Combination of Managed Investment Style and Fixed Allocation Investment Style:
Fixed Allocation Investment Style are priced separately to the Managed Investment Style as they follow a different pricing structure.
For example, a customer who has £200,000 in their Portfolio, of which £80,000 is in one or more Managed Investment Style(s) and £120,000 is in the Fixed Allocation Investment Style will pay the following fees:
- 0.75% in the £80,000 in the Managed Investment Style(s);
- 0.45% on the first £100,000 in the Fixed Allocation Investment Style; and
- 0.25% on the remaining £20,000 in the Fixed Allocation Investment Style.
Nutmeg Financial Planning and Advice Service
We charge a fee to provide the Financial Planning and Advice Service to you.
Our Financial Planning and Advice Service is split into the following three categories: Core, Enhanced and Advice Review.
The following fees are applied to the different categories of service:
Financial Planning and Advice Service | Fee |
|---|---|
Core | £900 inc. VAT |
Enhanced | £1,350 inc. VAT |
Advice Review | £450 inc. VAT |
Transfers of investments
If we agree to transfer investments to you or to a new provider (rather than selling them and paying the cash proceeds) we will make a charge of £20 for each “Line of Stock”. We refer to this as an “In Specie Transfer”. A “Line of Stock” means the investment(s) that you hold in each company or unit trust in which your Portfolio is invested.
In Specie Transfer: £20 per Line of Stock
Additional costs and charges
The provider of each ETF in which your Product is invested will take a charge for managing the ETF. These charges may vary from time to time. You can see the current costs at https://www.nutmeg.com/our-fee.
Additional costs may apply to your investments, for example where we carry out transactions on your behalf. More detail can be found at https://www.nutmeg.com/our-fee.
PDF Version
Download a copy of our Schedule of Fees and Charges.
