Are you confused about whether to choose Nutmeg vs AJ Bell as a broker for your investing needs?
In this side-by-side comparison, we analyse Nutmeg vs AJ Bell to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Nutmeg vs AJ Bell: In a Nutshell
Automated ETF portfolios for UK users
Nutmeg is one of the largest digital wealth managers in the UK (also known as “Robo-Advisor).
Nutmeg offers investors fully managed ETF portfolios that help investors achieve their financial goals, whether it’s for retirement or a home.
It is regulated by the Financial Conduct Authority (FCA). Besides, client assets are held in two custodians: Barclays and State Street, as per regulatory requirements.
Pension plans in the UK
AJ Bell is a prominent investment platform and wealth management company based in the United Kingdom. It offers stocks, ETFs, funds, and pensions.
One of AJ Bell’s key strengths lies in its transparent and competitive fee structure. The company aims to provide cost-effective investment solutions, offering investors access to a range of low-cost options.
AJ Bell places a strong emphasis on customer service and support. Besides, it is regulated by the Financial Conduct Authority (FCA).
Pros and Cons
Nutmeg
Pros
- Automated rebalancing and dividend reinvestment
- Fees Transparency
- Stocks and shares, Lifetime and Junior ISAs
- Long performance track record (+10 years)
- Socially conscious portfolios
- Minimum account balance of £100
Cons
- Medium to high fixed fees
- Cannot buy single shares
AJ Bell
Pros
- User-Friendly Platform
- Good customer service
- Transparent fee structure
- Regular educational content
Cons
- Limited Product Range (no forex, options and futures)
- Low technical data
Nutmeg vs AJ Bell: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
