I invested in the Nutmeg robo-advisor service at the end of the last tax year to use up my ISA allowance. There are often great cashback offers run by Quidco* and Topcashback* – in my case I had a £170 cashback for a £5,000+ investment which works out at an additional 3.4% return. At this moment in time it seems as neither cashback site has a link for Nutmeg, but offers may come up towards the end of the tax year as these companies fight for investor cash.

I often get questions from readers and other bloggers asking if I know where to find performance data for robo-advisors. I’ve made a comparison tool of the fees (link: Compare Robo-Advisors) but have struggled to find good data on actual performance. The way these advisors work is to ask you questions about your investment goals and risk tolerance and then design an allocation of ETFs for you. In my case I created 2 portfolios with Nutmeg: one of the absolute highest risk (high risk tolerance and 50 year time frame) and one of the absolute lowest risk. I will try to find a way to export the data and compare to basic low cost ETF trackers but for now here is the summarised data of the last 5 and half months for my Nutmeg portfolios:

Highest Risk Portfolio

Peformance

Allocation

Lowest Risk Portfolio

Performance

Allocation

 

 

*Note the links to topcashback and quidco are refer a friend links. If you use the quidco one we would equally share a £10 cashback from quidco.