Formerly Nutmeg: managed portfolios in an ISA, Lifetime ISA, Junior ISA or pension
Best for: People who want their investments chosen and managed for them, including in a Lifetime ISA or Junior ISA, and who prefer one percentage fee to dealing charges. Not for: DIY investors who want to pick their own funds or shares.
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J.P. Morgan Personal Investing is what Nutmeg became. J.P. Morgan bought Nutmeg in 2021 and retired the Nutmeg brand on 3 November 2025. The service works the same way: you choose an investment style, and the portfolio is built and managed for you. It offers a Stocks & Shares ISA, Lifetime ISA, Junior ISA, personal pension (SIPP) and general investment account.
You pay one service fee instead of dealing charges: 0.75% a year on the first £100,000 in the managed styles and 0.35% above that, or 0.45% then 0.25% for Fixed Allocation. On £20,000 that is £150 a year before fund costs. The trade-off is cost against effort: you pay more than a self-directed platform's fee, and in return the portfolio is chosen and rebalanced for you.
Best for: People who want their investments chosen and managed for them, including in a Lifetime ISA or Junior ISA, and who prefer one percentage fee to dealing charges.
| Platform fee | Managed styles: 0.75% a year on the first £100k, 0.35% above. Fixed Allocation: 0.45%, then 0.25%. Inc. VAT; fund costs extra |
|---|---|
| Share dealing | No dealing charges (managed service) |
| Fund dealing | No trading charges; underlying ETF costs and market spread apply |
| FX fee | Not applicable: managed portfolios |
| Stocks & Shares ISA | Stocks & Shares ISA (not flexible), Lifetime ISA, Junior ISA. No cash ISA |
| SIPP | Yes: personal pension (SIPP), from £500 |
| Withdrawals | No exit charge; in-specie transfers out £20 per line of stock |
| Minimum to start | £500 (ISA, pension, GIA); £100 (Lifetime ISA, Junior ISA); £10,000 (Income) |
Verified July 2026 against J.P. Morgan Personal Investing's published charges. Always check the provider's current schedule before opening an account.
Covered by the FSCS: eligible investors can claim up to £85,000 if the firm cannot meet its obligations. Falls in investment value are not covered.
J.P. Morgan Personal Investing scores 4.1 out of 5 on Trustpilot (Great) from 2,718 reviews, checked 9 October 2026.
We have not verified current review themes, so read recent reviews on independent sites to see what customers say since the Nutmeg brand became J.P. Morgan Personal Investing in November 2025.
For problems customers report, check the most recent reviews, as older ones may refer to the service under the Nutmeg name.
Things that catch out new J.P. Morgan Personal Investing customers more than they should.
The Stocks and Shares ISA uses the same service fee as every account. In the managed styles (Fully Managed, Socially Responsible, Thematic, Income and Smart Alpha) it is 0.75% a year on the first £100,000 and 0.35% above that, including VAT. Fixed Allocation costs 0.45%, then 0.25%. On a £20,000 ISA that is £150 a year managed, or £90 in Fixed Allocation. There are no set-up, dealing or exit charges. Fund costs and market spread come on top. Fees per the schedule effective 17 June 2025, checked 9 October 2026.
You can open a Lifetime ISA from £100, and the same service fee applies. Pay in £4,000 and the government adds £1,000, so you have £5,000 invested. At 0.75% that is £37.50 a year in service fees, plus fund costs. If you take money out for anything other than a first home, retirement from 60 or terminal illness, you pay a 25% withdrawal charge.
Yes. A Junior ISA opens from £100 and is charged under the same service fee schedule. A child's full £9,000 allowance in a managed style would cost £67.50 a year in service fees, plus fund costs.
The service fee is not the whole cost. You also pay the underlying ETF charges and market spread. Average underlying fund charges were reported at about 0.18% for Fully Managed, 0.23% for Socially Responsible, 0.35% for Smart Alpha and 0.39% for Income (Moneytothemasses, 9 September 2026). So £20,000 in Fully Managed costs about £150 in service fees plus about £36 in fund costs, around £186 a year before spread.
Yes. J.P. Morgan bought Nutmeg in 2021 and retired the Nutmeg brand on 3 November 2025. Nutmeg accounts moved to J.P. Morgan Personal Investing with no action needed. The ISA, Lifetime ISA, Junior ISA, pension and managed portfolios carried over.
On Trustpilot it scores 4.1 out of 5 ("Great") from 2,718 reviews, checked on 9 October 2026. Some reviews predate the rebrand and refer to Nutmeg.
J.P. Morgan Personal Investing is covered by the FSCS. If the firm cannot meet its obligations, eligible investors can claim up to the FSCS investment limit, currently £85,000. The FSCS does not cover falls in the value of your investments.
There is no cash ISA. The Stocks and Shares ISA is not flexible, so money you withdraw still counts as used allowance for that tax year.
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J.P. Morgan Personal Investing can hold your investments, but it will not tell you whether they add up to the retirement you want. Delphina models your whole financial life and gives you a straight answer.
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Capital at risk. This page is information, not financial advice.