Rise Of The Robo-Advisers? Nutmeg Breaks Through £1bn Assets Under Management

Nutmeg has today become the UK's first online wealth manager to reach more than £1bn in assets under management, after doubling its number of customers to 48,700 in the last 12 months.

Year-on-year, the business's assets under management have ballooned by 93 per cent, trampling over the sector's average increase of 17 per cent over the same period.

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