#Nutmeg sustainability called into question by fee campaigners #investorseurope #roboadvisory  | Robo-Advisors and Robo-Advisories | Scoop.it
SCM Direct, the wealth manager run by Brexit and fee transparency campaigners Gina and Alan Miller, has called Nutmeg’s business model into question after results yesterday showed the robo-adviser’s mounting losses. Nutmeg reported losses of £9.4m for 2016, up from £8.9m in 2015. In a blog on the SCM website, the Millers say the Treasury …