Nutmeg selects FactSet to give customers greater transparency

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9th DECEMBER 2019: Nutmeg, the UK’s largest digital wealth manager, today announces that it is working with FactSet to introduce a full investment risk analysis system. The new system, which will run alongside Nutmeg’s existing internal framework, enables customers to see the underlying holdings they are invested in and to view their Nutmeg investments on a granular level.

Transparency over investment holdings has been in the spotlight in 2019. Nutmeg’s investment and trading teams dedicate significant resources to the analysis of the investments held in Nutmeg’s portfolios and have always been able to see what each ETF holds at all times.

Working with FactSet, Nutmeg customers will now be able to request a full breakdown of their exposure to the holdings (up to 6,000 underlying securities) in their portfolios. In addition, Nutmeg’s investment team has increased access to information to support decision making and will enable efficient operations with risk analysis backed by an industry-leading provider of data.

Pacome Breton, director of investment risk, Nutmeg said: “We are a technology company and it’s through taking a tech company approach to solving problems that we’re able to provide customers with an unprecedented level of transparency on what’s inside their investments. Transparency and liquidity are cornerstones of Nutmeg’s investment approach and we know that our customers value this highly. By collaborating with market-leaders, like FactSet, we are able to deliver a better service. Our customers have the right to know exactly where they are invested when they want to.”

Carl Cedstrand, vice president and regional director, UK, FactSet, said: “Investors are constantly seeking access to new data and insight that can drive better decision-making. We are delighted to be working with Nutmeg to support their multi-asset class risk management and provide their customers with greater portfolio visibility. Our open technology offering is a cornerstone of our business and allows us to meet the growing demand we see across the industry for flexible access to real-time data and analytics.”

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