The five year number
Five years of Nutmeg (now J.P. Morgan Personal Investing) comes to £750 on a flat £20,000 balance, and more as the balance grows. Percentage fees rise with the balance, so the pound cost in year five is higher than year one if your portfolio grows. Illustrations here hold the balance flat to keep the comparison simple. Fee schedule effective from 17 June 2025. Verified 21 July 2026.
Year by year
| Time held | Nutmeg (now J.P. Morgan Personal Investing) | Delphina |
|---|---|---|
| After 1 year | Nutmeg (now J.P. Morgan Personal Investing)£150 a year on a £20,000 managed portfolio at 0.75%, before fund costs and market spread | Delphina£119.88 |
| After 3 years | Nutmeg (now J.P. Morgan Personal Investing)£450 on a flat £20,000 balance, and more as the balance grows | Delphina£359.64 |
| After 5 years | Nutmeg (now J.P. Morgan Personal Investing)£750 on a flat £20,000 balance, and more as the balance grows | Delphina£599.40 |
Delphina Wealth Builder at £9.99 a month, held flat.
Percentage fees rise with the balance, so the pound cost in year five is higher than year one if your portfolio grows. Illustrations here hold the balance flat to keep the comparison simple. Fee schedule effective from 17 June 2025.
Costs that are not on the price list
These do not show up when you sign up, but they show up on your statement.
- Hidden cost: Underlying fund provider charges sit on top of the management fee
- Hidden cost: Market spread, the gap between buying and selling prices, is a real cost that is easy to overlook
- Hidden cost: In specie transfers are charged at £20 per line of stock
- Hidden cost: Financial planning is a separate £900 or £1,350, so the advice is not in the percentage
Figures based on Nutmeg (now J.P. Morgan Personal Investing)’s published prices(opens in a new tab), checked 21 July 2026.
What you are paying for
For people who want a managed portfolio run for them and are happy to pay a percentage for it, that is a fair price. Genuinely managed portfolios, so you are buying a decision rather than a dashboard. The backing of J.P. Morgan, which removes a lot of the platform risk worry.
A five year total always looks large written down. Judge it against what the tool actually changes, not against the headline on its own.
Plans and tiers
This page is about the running total. For the tier structure and what each plan includes, see Nutmeg (now J.P. Morgan Personal Investing) pricing.
The same five years on Delphina
Delphina's Free plan is £0 for as long as you want it, no card. Wealth Builder is £9.99 a month, so five years is £599.40 if you stay on it the whole time, billed in pounds with no FX fee.
This is an investment manager and Delphina is not, which is the honest starting point. If you want somebody to run a portfolio for you, J.P. Morgan Personal Investing does that and Delphina does not. What it will not tell you is whether the portfolio, your workplace pension, your ISA allowance and your tax position add up to the retirement you want. That is the gap Delphina fills, at a flat monthly price rather than a percentage of your money.
More on Nutmeg (now J.P. Morgan Personal Investing)
Nutmeg (now J.P. Morgan Personal Investing): common questions
It is worth it for people who want a managed portfolio run for them and are happy to pay a percentage for it. It is a poor buy for anyone who needs the nutmeg brand has been retired and nutmeg.com now points to personalinvesting.jpmorgan.com, so older comparisons and bookmarks are stale, because that is not what it is built to do.
4 things are not on the pricing page: underlying fund provider charges sit on top of the management fee; market spread, the gap between buying and selling prices, is a real cost that is easy to overlook; in specie transfers are charged at £20 per line of stock; financial planning is a separate £900 or £1,350, so the advice is not in the percentage.
Free tools in this category generally give up either the depth or the account connections. Delphina's free tier gives up the deeper scenario modelling that the paid plans carry, but costs £0 with no card and no expiry.