Accessible investing: Starling adds Nutmeg to its Marketplace

3rd December 2020

Thursday 3rd December 2020, London: Starling, the leading UK digital bank, has today welcomed Nutmeg, the UK’s largest digital wealth manager, to its fast-growing Marketplace. The new service will help Starling’s personal and sole trader customers connect their banking to their investment accounts and pensions, as they prepare to navigate the new year ahead. 

Founded almost 10 years ago, Nutmeg’s aim is to help people achieve their financial goals by empowering generations of investors. This new integration will give Starling’s growing customer base the ability to keep track of their pension and investment balances all within the Starling app - allowing them to always have a full picture of their finances at their fingertips.  

Starling customers with a Nutmeg account can connect to it through the Marketplace, while those without one will be able to sign up through the Marketplace. Once connected, they’ll be able to benefit from Nutmeg’s offering, which includes fully managed and socially responsible pension portfolios, with a minimum investment of £500. For the same minimum amount customers can also benefit from investments in the form of a general investment account and stocks and shares ISAs, and for a lower minimum of £100 customers can invest in a Lifetime ISA or Junior ISA for their children. There are no fees for signing up to Nutmeg, but there is a fee when an investment is made. 

Helen Bierton, Chief Banking Officer at Starling Bank says: “By developing smart integrations with the third party platforms popular with our customers, such as Nutmeg, Starling is making it easier for customers to keep track of their money wherever it is located.”

Matt Gatrell, Chief Operating Officer at Nutmeg says: “We know that helping people to have a clearer picture of their full financial circumstances is crucial, and even more front of mind at the moment. So, we’re pleased to be connecting with Starling, to give Nutmeg investors and Starling customers greater oversight of their finances in order to support them in reaching their financial goals.”


Notes to editors

Risk warning: As with all investing, your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may be subject to change in the future.

Sources

Nutmeg, by recent reports the UK’s largest digital wealth manager: Boring Money, January 2020, Nutmeg is the largest digital wealth manager based on customer numbers and AUM.   

About Starling Bank

Starling is a leading digital bank, founded in 2014 and voted Best British Bank in 2018, 2019 and 2020. Its retail banking app offers personal, business, joint, Euro, USD, child and current accounts on Android and iOS. The Starling Marketplace offers customers in-app access to third party financial services. Starling also offers ground-breaking B2B banking and payments services. It has opened 1.9 million customer accounts, including more than 285,000 limited company, sole trader and business accounts.

About Nutmeg

Nutmeg launched in September 2012 as the first online wealth manager in the UK with a promise to open up the previously exclusive world of wealth management. Nutmeg offers customers a high-quality investment service at a reduced cost, whether they have £500 or £5 million to invest. Nutmeg now manages more than £2.3bn on behalf of over 100,000 customers in the UK, making Nutmeg one of the UK’s fastest growing wealth managers and the fifth largest wealth manager in the UK by customer numbers (Source: PAM Asset Management, January 2019). More information is available on www.nutmeg.com.

Contact:

media@starlingbank.com

+44 7951 681557

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