JP Morgan Chase’s Acquisition Of Nutmeg

Taylor Wessing advised Nutmeg on the deal.

Nutmeg is one of the UK’s leading independent digital wealth managers. This acquisition (subject to regulatory approval) by JPMorgan Chase positions the company as an integral part of the bank’s international offering, and complements the launch of Chase as a digital bank in the UK, planned for later this year.

Since it launched in 2012, Nutmeg has become one of the most successful digital challengers in the British wealth management market, building a customer base of over 140,000 investors, and amassing over £3.5 billion of assets under management, a growth of 70% year on year. The company offers award winning ISAs, Junior ISAs, Lifetime ISAs, pensions and general investment accounts available through a range of investment styles, including Smart Alpha portfolios that combine active and passively managed exchange-traded funds powered by J.P. Morgan Asset Management.

The Taylor Wessing’s team was led by Corporate Partner Howard Palmer (Picture), with Senior Associates Richard Faichney and Elinor Picton and Associate Nell Cooper. Additional support was provided by: Partner: Anna Humphrey, Paolo Palmigiano, Graham Hann and Charlotte Hill, Senior Counsel: Louisa Penny and James Stewart, Senior Associate: Karen Bail and Kelly Burke, Associate: Jessica Berkeley, Marina Constanti, Arnav Gupta and Marianna Vlas.
 

 

Involved fees earner: Karen Bail – Taylor Wessing; Jessica Berkeley – Taylor Wessing; Kelly Burke – Taylor Wessing; Marina Constanti – Taylor Wessing; Nell Cooper – Taylor Wessing; Richard Faichney – Taylor Wessing; Arnav Gupta – Taylor Wessing; Graham Hann – Taylor Wessing; Charlotte Hill – Taylor Wessing; Anna Humphrey – Taylor Wessing; Howard Palmer – Taylor Wessing; Paolo Palmigiano – Taylor Wessing; Louisa Penny – Taylor Wessing; Elinor Picton – Taylor Wessing; James Stewart – Taylor Wessing; Marianna Vlas – Taylor Wessing;

Law Firms: Taylor Wessing;

Clients: Nutmeg;

Author: Federica Tiefenthaler