Asset Management

Nutmeg losses grow 55% as JPMorgan takeover beds in

Wall Street giant continues to integrate robo-adviser in UK digital banking push

Losses are racking up, but that doesn't bother Nutmeg's management
Losses are racking up, but that doesn't bother Nutmeg's management Photo: Pavlo Gonchar/Getty Images

Digital wealth manager Nutmeg continues to report significant losses in the wake of its takeover by JPMorgan.

Losses at the firm, a leader in the UK robo-advice market, increased by 55% in 2022, rising from £19.3m to £29.9m, according to its latest results.

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