Overview
- Sky News reports that Nutmeg informed staff this week it had agreed to acquire WealthOS.
- JP Morgan declined to comment publicly and the purchase price was not disclosed.
- An internal memo cites roughly 275,000 Nutmeg customers and says the deal provides access to cutting-edge capabilities.
- WealthOS, founded in 2019 and chaired by former Google executive John Herlihy, builds pensions and wealth-management software.
- The company’s workforce spans the UK and a product and engineering hub in Sri Lanka, aligning with JP Morgan’s recent UK retail push including its 2021 Chase launch and reported £700m Nutmeg acquisition.