JPMorgan to buy UK digital wealth manager Nutmeg_老虎社区_美港股上老虎

JPMorgan to buy UK digital wealth manager Nutmeg

cnbc2021-06-17

LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum. The U.S. banking giant said the deal, which is still subject to ...

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Viviennec
·2021-06-24
Nice
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Viviennec
·2021-06-24
Ok
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Aries_cher
·2021-06-18
Niceeee
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JINGYI
·2021-06-18
Wow
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Viviennec
·2021-06-18
Hi
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Maddylau
·2021-06-17
Nice
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SMYong
·2021-06-17
Nice
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Skyjieni
·2021-06-17
Nice
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- DexterLim:
  Yup
  2021-06-18
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Feishawn
·2021-06-17
Well done
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Stchua
·2021-06-17
Like and comment, thanks
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Calvinchin
·2021-06-17
👍🏻
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hanrong
·2021-06-17
Latest
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sheenayam
·2021-06-17
Please like and comment. Thanks !
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- nana99:
  CommenT Back please
  2021-06-17
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- IsaacHuat93:
  Comment back
  2021-06-17
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- Calvinchin:
  Ok
  2021-06-17
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P4TR1CK
·2021-06-17
Like and comment
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- nana99:
  CommenT back pleasE
  2021-06-17
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- Calvinchin:
  Ok
  2021-06-17
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coffeejava
·2021-06-17
important message: can help like and comment please? [龇牙]
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- sheenayam:
  Please like and comment. Thanks !
  2021-06-17
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- nana99:
  Done! Please comment back
  2021-06-17
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- coffeejava:
  ok also done
  2021-06-18
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hanrong
·2021-06-17
Wow
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JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. 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The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":121590450,"gmtCreate":1624470317970,"gmtModify":1634005630919,"author":{"id":"3582281353752908","authorId":"3582281353752908","name":"Viviennec","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582281353752908","idStr":"3582281353752908"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121590450","repostId":1100748723,"repostType":2,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168154371,"gmtCreate":1623968191093,"gmtModify":1634025213277,"author":{"id":"3573470998665287","authorId":"3573470998665287","name":"Aries_cher","avatar":"https://static.tigerbbs.com/613f4495d5ffc9a24671ef19aa55a6e6","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3573470998665287","idStr":"3573470998665287"},"htmlText":"Niceeee","listText":"Niceeee","text":"Niceeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168154371","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168961171,"gmtCreate":1623947069593,"gmtModify":1634025391261,"author":{"id":"3575459040838083","authorId":"3575459040838083","name":"JINGYI","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575459040838083","idStr":"3575459040838083"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168961171","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168916372,"gmtCreate":1623946546296,"gmtModify":1634025406192,"author":{"id":"3582281353752908","authorId":"3582281353752908","name":"Viviennec","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582281353752908","idStr":"3582281353752908"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168916372","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan to buy UK digital wealth manager Nutmeg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161457452,"gmtCreate":1623938989876,"gmtModify":1634025586898,"author":{"id":"3581888861707368","authorId":"3581888861707368","name":"Maddylau","avatar":"https://static.tigerbbs.com/7ee3e87920b91a035f0b156dd990cebc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581888861707368","idStr":"3581888861707368"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161457452","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161425208,"gmtCreate":1623938737104,"gmtModify":1631884934630,"author":{"id":"3573042844750529","authorId":"3573042844750529","name":"SMYong","avatar":"https://static.tigerbbs.com/872236e7912d37b6bccf003f1cb52497","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3573042844750529","idStr":"3573042844750529"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161425208","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161551144,"gmtCreate":1623936239888,"gmtModify":1631890351942,"author":{"id":"3582365393750926","authorId":"3582365393750926","name":"Skyjieni","avatar":"https://static.tigerbbs.com/ce257ee077d452d2003c74da7e547aee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582365393750926","idStr":"3582365393750926"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/161551144","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4872176,"gmtCreate":1624024940678,"gmtModify":1631890351939,"authorId":3556663803387943,"author":{"id":3556663803387943,"idStr":"3556663803387943","authorId":3556663803387943,"name":"DexterLim","avatar":"https://static.tigerbbs.com/5778c3d5fc170e02e06393c6ff8f279a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161551144,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"}],"langContent":"EN"},{"id":161527656,"gmtCreate":1623936090075,"gmtModify":1634025669487,"author":{"id":"3570877742098732","authorId":"3570877742098732","name":"Feishawn","avatar":"https://static.tigerbbs.com/d057d3fc7f617bdaadde15b7233a892d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3570877742098732","idStr":"3570877742098732"},"htmlText":"Well done&nbsp;","listText":"Well done&nbsp;","text":"Well done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161527656","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan to buy UK digital wealth manager Nutmeg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161566936,"gmtCreate":1623935457225,"gmtModify":1634025681271,"author":{"id":"3586774718687945","authorId":"3586774718687945","name":"Stchua","avatar":"https://static.tigerbbs.com/9c6da38be819096178bf3d64e02165e0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586774718687945","idStr":"3586774718687945"},"htmlText":"Like and comment, thanks&nbsp;","listText":"Like and comment, thanks&nbsp;","text":"Like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161566936","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan to buy UK digital wealth manager Nutmeg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161568037,"gmtCreate":1623935437029,"gmtModify":1634025682096,"author":{"id":"3576278607547570","authorId":"3576278607547570","name":"Calvinchin","avatar":"https://static.tigerbbs.com/f9656b958bb6c4643873a171eebbbc8f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576278607547570","idStr":"3576278607547570"},"htmlText":"👍🏻&nbsp;","listText":"👍🏻&nbsp;","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161568037","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161580684,"gmtCreate":1623934761248,"gmtModify":1634025692640,"author":{"id":"3551841106527913","authorId":"3551841106527913","name":"hanrong","avatar":"https://static.tigerbbs.com/2fb2a89960bce28336c5be280346cff5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3551841106527913","idStr":"3551841106527913"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161580684","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan to buy UK digital wealth manager Nutmeg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161514669,"gmtCreate":1623934620451,"gmtModify":1634025694182,"author":{"id":"3579743164156658","authorId":"3579743164156658","name":"sheenayam","avatar":"https://static.tigerbbs.com/fe1b57a8371314fd64ce0840001df6b2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3579743164156658","idStr":"3579743164156658"},"htmlText":"Please like and comment. Thanks !","listText":"Please like and comment. Thanks !","text":"Please like and comment. Thanks !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/161514669","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan to buy UK digital wealth manager Nutmeg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4839999,"gmtCreate":1623934807579,"gmtModify":1635313642695,"authorId":3578649684330150,"author":{"id":3578649684330150,"idStr":"3578649684330150","authorId":3578649684330150,"name":"nana99","avatar":"https://static.tigerbbs.com/8e1d85c2911a74d975df652e54cba9a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161514669,"type":1,"supId":0,"prevId":0,"content":"CommenT Back please ","text":"CommenT Back please ","html":"CommenT Back please "},{"id":4840053,"gmtCreate":1623934970206,"gmtModify":1635313637945,"authorId":3574339928552137,"author":{"id":3574339928552137,"idStr":"3574339928552137","authorId":3574339928552137,"name":"IsaacHuat93","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161514669,"type":1,"supId":0,"prevId":0,"content":"Comment back","text":"Comment back","html":"Comment back"},{"id":4840179,"gmtCreate":1623935446008,"gmtModify":1635313626204,"authorId":3576278607547570,"author":{"id":3576278607547570,"idStr":"3576278607547570","authorId":3576278607547570,"name":"Calvinchin","avatar":"https://static.tigerbbs.com/f9656b958bb6c4643873a171eebbbc8f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161514669,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":161514129,"gmtCreate":1623934611061,"gmtModify":1634025694425,"author":{"id":"3555493421276318","authorId":"3555493421276318","name":"P4TR1CK","avatar":"https://static.tigerbbs.com/0eb9b86fc079d199505a4ebb82e1aaee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3555493421276318","idStr":"3555493421276318"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/161514129","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan to buy UK digital wealth manager Nutmeg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4840004,"gmtCreate":1623934817436,"gmtModify":1635313642237,"authorId":3578649684330150,"author":{"id":3578649684330150,"idStr":"3578649684330150","authorId":3578649684330150,"name":"nana99","avatar":"https://static.tigerbbs.com/8e1d85c2911a74d975df652e54cba9a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161514129,"type":1,"supId":0,"prevId":0,"content":"CommenT back pleasE","text":"CommenT back pleasE","html":"CommenT back pleasE"},{"id":4840183,"gmtCreate":1623935452139,"gmtModify":1635313625768,"authorId":3576278607547570,"author":{"id":3576278607547570,"idStr":"3576278607547570","authorId":3576278607547570,"name":"Calvinchin","avatar":"https://static.tigerbbs.com/f9656b958bb6c4643873a171eebbbc8f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161514129,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":161516405,"gmtCreate":1623934508407,"gmtModify":1634025696208,"author":{"id":"3577936926342884","authorId":"3577936926342884","name":"coffeejava","avatar":"https://static.tigerbbs.com/69c6a8c40c5829443cd7f58cc5fec5c5","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3577936926342884","idStr":"3577936926342884"},"htmlText":"important message: can help like and comment please?&nbsp;[龇牙]&nbsp;","listText":"important message: can help like and comment please?&nbsp;[龇牙]&nbsp;","text":"important message: can help like and comment please? [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/161516405","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan to buy UK digital wealth manager Nutmeg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4839946,"gmtCreate":1623934609039,"gmtModify":1635313647234,"authorId":3579743164156658,"author":{"id":3579743164156658,"idStr":"3579743164156658","authorId":3579743164156658,"name":"sheenayam","avatar":"https://static.tigerbbs.com/fe1b57a8371314fd64ce0840001df6b2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161516405,"type":1,"supId":0,"prevId":0,"content":"Please like and comment. Thanks !","text":"Please like and comment. Thanks !","html":"Please like and comment. Thanks !"},{"id":4839950,"gmtCreate":1623934622071,"gmtModify":1635313646983,"authorId":3578649684330150,"author":{"id":3578649684330150,"idStr":"3578649684330150","authorId":3578649684330150,"name":"nana99","avatar":"https://static.tigerbbs.com/8e1d85c2911a74d975df652e54cba9a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161516405,"type":1,"supId":0,"prevId":0,"content":"Done! Please comment back ","text":"Done! Please comment back ","html":"Done! Please comment back "},{"id":4868871,"gmtCreate":1624014561688,"gmtModify":1635310900582,"authorId":3577936926342884,"author":{"id":3577936926342884,"idStr":"3577936926342884","authorId":3577936926342884,"name":"coffeejava","avatar":"https://static.tigerbbs.com/69c6a8c40c5829443cd7f58cc5fec5c5","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161516405,"type":1,"supId":4839950,"prevId":0,"content":"ok also done","text":"ok also done","html":"ok also done"},{"id":4870363,"gmtCreate":1624019928456,"gmtModify":1635310766455,"authorId":3578904373237924,"author":{"id":3578904373237924,"idStr":"3578904373237924","authorId":3578904373237924,"name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161516405,"type":1,"supId":0,"prevId":0,"content":"Haha","text":"Haha","html":"Haha"}],"langContent":"CN"},{"id":161516654,"gmtCreate":1623934482778,"gmtModify":1634025696569,"author":{"id":"3551841106527913","authorId":"3551841106527913","name":"hanrong","avatar":"https://static.tigerbbs.com/2fb2a89960bce28336c5be280346cff5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3551841106527913","idStr":"3551841106527913"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161516654","repostId":1100748723,"repostType":4,"repost":{"id":"1100748723","pubTimestamp":1623934162,"share":"https://www.laohu8.com/m/news/1100748723?lang=&edition=full","pubTime":"2021-06-17 20:49","market":"us","language":"en","title":"JPMorgan to buy UK digital wealth manager Nutmeg","url":"https://stock-news.laohu8.com/highlight/detail?id=1100748723","media":"cnbc","summary":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platfo","content":"<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan to buy UK digital wealth manager Nutmeg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/17/jpmorgan-to-buy-uk-digital-wealth-manager-nutmeg-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100748723","content_text":"LONDON —JPMorgan Chasesaid Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.\nThe U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.\nWith more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.'s largest robo advisors. The company offers a range of investment accounts, including ISAs, pensions and general investment accounts. Its rivals include the likes of Wealthsimple, Moneyfarm and Moneybox.\nJPMorgan CEOJamie Dimonsaid last year that he would be \"much more aggressive\" in searching for acquisitions to help the biggest U.S. bank by assets add capabilities. He may have been motivated by the deals that rivalMorgan Stanleyhas made in recent years – spending$20 billionto snap up E-Trade and Eaton Vance.\nDimon has also talked about girding JPMorgan against both fintech players likePayPaland Big Tech firms includingAlphabet.\nBy striking out a digital-first effort in the U.K., the bank can expand outside the U.S., where it has an extensive network of physical branches and leading positions across retail and institutional businesses. Those efforts could eventually be applied beyond the U.K., the bank has said previously.\n\"We are building Chase in the U.K. from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us,\" Sanoke Viswanathan, CEO of international consumer at JPMorgan, said in the statement.\n\"We look forward to positioning their award winning products alongside our own, and continuing to support their innovative work in retail wealth management.\"\nThe deal comes months after the two companies announced apartnershipthat allowed the fintech firm to offer ETFs created with help from JPMorgan, the biggest U.S. bank by assets.\nThis isn't the first time JPMorgan has bought a fintech firm after initially partnering with it. In December, JPMorgansaid it was acquiring55ip, a Boston-based start-up that helps financial advisors automate the construction of tax-efficient portfolios.\nNutmeg CEO Neil Alexander said customers should \"expect the same level of transparency, convenience and service that helped make us a leading digital wealth manager in the U.K.\"\n\"Britain is home to an increasingly crowded retail banking market, with challengers like Revolut, Monzo and Starling gaining a following thanks to their digital-only checking accounts,\" he added.\nThe U.K.'s fintech market is thought to be one of the world's largest, attracting $4.1 billion in venture capital funding last year, according to industry body Innovate Finance.\nInstead of using investment technology already developed in the U.S., the bank opted instead to purchase the 10-year old start-up. That's because the U.K. and Europe have different regulatory requirements, the companies said. JPMorgan's U.S.-based automated investing service You Invest has garnered about$50 billionin assets, Dimon revealed this week.\nJPMorgan Securities acted as JPMorgan's financial advisor for the transaction, while Freshfields Bruckhaus Deringer served as legal counsel. Nutmeg was advised by Arma Partners as financial advisor and Taylor Wessing as legal counsel.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":34,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}