JP Morgan takes over digital asset manager Nutmeg

US banking giant JP Morgan has acquired London-based wealth tech Nutmeg to continue its expansion in the UK.

The acquisition costs are not yet known

With more than 140,000 clients and over £ 3.5 billion in assets under management, Nutmeg is the UK’s largest digital wealth manager.

In a statement released today, Nutmeg CEO Neil Alexander said the company “lays the foundation for the bank’s digital wealth management offering to retail clients internationally across …

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