The Wealth Show

The UK robo advice market has been hitting the headlines again due to the recent JP Morgan Chase deal to buy Nutmeg.

So what does this mean for Nutmeg’s rival Wealthify?

Like other robos in the market, Wealthify has yet to turn a profit since launching in 2016.

In its results for 2020 it recorded a loss of £5.3m, up from a £4.8m loss the year before. 

I spoke with chief executive Andy Russell, who joined last year from parent company Aviva.

He shared the firm’s growth plans, and whether it’s possible to make money from customers investing small amounts.

Show Notes

The UK robo advice market has been hitting the headlines again due to the recent JP Morgan Chase deal to buy Nutmeg. So what does this mean for Nutmeg’s rival Wealthify? Like other robos in the market, Wealthify has yet to turn a profit since launching in 2016. In its results for 2020 it recorded a loss of £5.3m, up from a £4.8m loss the year before.  I spoke with chief executive Andy Russell, who joined last year from parent company Aviva. He shared the firm’s growth plans, and whether it’s possible to make money from customers investing small amounts.

What is The Wealth Show?

Our weekly podcast offers rare access to the sharpest minds in investment, along with insights from top executives in the wealth and fund management industry. Find out what makes these individuals tick and where they see the best opportunities in global markets.