Arma Partners advises Nutmeg on its sale to JPMorgan Chase
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Nutmeg on its sale to JPMorgan Chase (NYSE: JPM). The transaction is subject to regulatory approvals.
Nutmeg is a leading UK independent digital wealth manager delivering intelligent investment portfolios that are tailored to an individual’s risk appetite and investment style with exposure to multiple asset classes, countries and industry sectors. Nutmeg serves more than 140,000 investors and manages over £3.5 billion in assets.
Technology is disrupting the investment and wealth management industry by allowing individuals to manage their finances digitally and in real time. Since launching in the UK, Nutmeg has helped to transform this industry and will now complement JPMorgan Chase’s digital bank that is planned for launch in the UK later this year under the Chase brand. The acquisition of Nutmeg by JPMorgan Chase demonstrates the strength of the digital wealth management market and underscores Arma Partners’ strong track record of delivering exceptional outcomes for FinTech companies.