Robo Advisers Can Help P2P On March To Asset Class Mainstream


Our friends at AltFi look at the latest annual report filings from robo-adviser, Nutmeg. Robo advisers and algorithm-led investment decision making generally are important to new sectors like peer-to-peer (P2P) lending. We need to make P2P better-understood and ventilate the idea that it can be considered a "mainstream" asset class. And we're confident that the algorithms, balancing rewards against risk and security considerations (as all must - see below), can surely help

Nutmeg, the first major robo adviser in the UK, has seen its losses widen by more than a third to £12.4m in 2017, according to Companies House filings. Nutmeg says it saw revenue growth of more than 75 per cent from £2.6m to £4.6m while the firm had more than £25m of net cash in the bank. In 2016 Nutmeg lost £9.3m. It had £600m in assets under management at in the beginning of 2017, rising to £1bn by the end of the year. However, the firm seems to have landed just a net 3,000 more users in the year. Suggesting the £400m AUM boost came through large accounts and/or portfolio growth in in its existing accounts. Martin Stead, chief executive officer, Nutmeg, says the firm's "mission to democratise wealth management" was on a steady course.

We currently have an A-rated, £100,000 five-year loan on site. With a fixed rate of 8 per cent it is secured against property – and will close when filled. In addition to new loan offerings, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users. All loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment.We write regularly about these three key factors. Here's an earlier article on security, access and yield. If you haven't made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment. Capital is at risk, once loaned.
FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2018
NovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.