Nutmeg sold to JP Morgan - duplicate

JP Morgan have bought Nutmeg for £700m. It says it has £3.5bn AUM and 140,000 customers, which is a hell of a lot of AUM, £25,000 per customer. Can this be right?

FT has 5 times as many customers, but what’s the FT AUM? Less than £3.5Bn I would guess. Nevertheless, surely this puts FT into unicorn territory.

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Conversation had already started over here. Worth a quick search before starting a new thread.

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@beermoneytrader have a word :crazy_face::crazy_face::crazy_face:

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