JPMorganChase is stepping up its UK retail investment ambitions with the launch of J.P. Morgan Personal Investing.
Launching in November 2025, the new wealth management and investment business will replace digital wealth manager Nutmeg. It will be available directly and via the Chase UK app, offering managed investments, pensions and ISAs.
A central part of the strategy is a DIY investment platform set to go live in 2026, giving retail customers the ability to buy and sell shares, bonds, funds and other asset classes directly.
Other features include a Wealth Planner tool, designed to provide clients with a holistic view of their finances and tailored digital guidance, and relationship managers for customers with more than £250,000 invested.
Mark O’Donovan, CEO of international consumer banking at JPMorganChase, said: “J.P. Morgan Personal Investing will give retail customers in the UK the ability to bank with Chase and invest with J.P. Morgan. This is an important next step in the evolution of our offering in the UK market.”
Nutmeg customers will transition to the new brand in November, with all existing products carried over.
Since acquiring Nutmeg in 2021, JPMorgan has more than doubled its assets under management to £8.5bn, while client numbers have risen from 140,000 to 265,000.
The launch highlights JPMorgan’s push to capture a greater share of the UK’s fast-growing retail investment market, which is currently dominated by Hargreaves Lansdown and Interactive Investor.