1st Oct 2025 10:33
(Alliance News) - JPMorgan Chase & Co wants to be a "major player" in the UK retail investment market, the executive leading the charge told the Financial Times.
JPMorgan Chase is preparing to launch its own 'DIY' investment service in the UK under the JPMorgan brand. The new service, called JPMorgan Personal Investment, will launch in November with financial planning tools, the FT said. The ability to buy and sell shares, bonds and funds will be added next year.
The wealth management offering will include the existing Nutmeg business that JPMorgan Chase bought in 2021, but it will drop the 'Nutmeg' brand, the newspaper said.
James McManus, chief investment officer of JPMorgan Personal Investing, told the FT that JPMorgan aims to be a "major player" in the UK market.
The new offering will be available through the Chase digital retail bank app. It will place the US investment bank in direct competition with UK market leader Hargreaves Lansdown, which was acquired by by private equity funds led CVC Capital Partners PLC earlier this year, AJ Bell PLC, and Aberdeen Group PLC's interactive investor.
By Tom Waite, Alliance News editor
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