Being an adult is a complicated business where we have to face up to grown up responsibilities such as having to do self-assessments for the Inland Revenue, trying to find the best broadband provider whilst living in a rural area, finding the best mortgage for our personal situation and negotiating the best deal on our car insurance. Another area that we have to tackle is how to best manage our finances. Let's face facts: life is expensive. These days being a parent comes with a massive financial burden. It has been estimated that it can cost a staggering £227,266 to raise a child to adulthood (according to the Centre of Economic and Business Research) making it vitally important that we make the most of our savings. Managing money can be a minefield, which is why we need to make sure we do our research before making any long term decisions.
Nutmeg.com offers a financial solution to investors offering a simple way to manage savings online. It provides a effective way to create a professional portfolio that can help people make the most of their savings.
To set up a professional portfolio, all you have to do is tell Nutmeg’s team about your financial situation, how much you want to invest, your time frame and your attitude to risk. With this information, Nutmeg build and manage a portfolio for you, diversifying your investments. Their experienced investment team monitors your portfolio, adjusting the asset allocation and rebalancing every month. In this way, they aim to produce the best return, at low cost, for the risk level you choose.
You have access to an online, jargon-free overview of your investments whenever you like, so you’ll always know exactly how they’re performing and how much you’re paying. You can then sit back and relax while the investment experts constantly monitor and rebalance your portfolio to keep it on track with your goals.
The cost of choosing Nutmeg to manage your investments is similar to the cost of doing it yourself, and avoids many of the fees charged by primary alternatives, making it a good value service.
Nutmeg charges a simple fee of between 0.3 and 1.0%, which is based on the value of your investment, which gives you:
• Professional discretionary investment management
• Free withdrawals on a weekly schedule
• 24/7 access to an online account
• Regular rebalancing to keep your funds on track
• Live chat, phone, and email support
As with all investments, your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. This post has been written in association with Nutmeg.