JPMorgan Chase to buy UK robo-adviser Nutmeg
The acquisition, subject to regulatory approvals, is meant to complement the launch of Chase as a digital bank in the UK later this year. Nutmeg manages more than $4.9 billion in assets.
JPMorgan Chase & Co. announced Thursday its purchase of Nutmeg, a U.K.-based independent digital wealth manager, in a move that forms the bedrock of the bank’s retail digital wealth management offering across the pond.
The acquisition, subject to regulatory approvals, is meant to comp
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