Nutmeg Achieves Happier Clients and Lower Costs with InvestCloud

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When online investment manager Nutmeg went live with InvestCloud Emerald in 2015, it was able to take control of its back office operations and custody for the first time, leaving behind both Pershing and State Street. With InvestCloud Emerald, Nutmeg manages its own straight-through processing as well as fund, bond and equity trading, handling up to one million trades per day. InvestCloud Emerald is designed to support Nutmeg’s rapid growth.

Bill Packman, COO of Nutmeg, commented that InvestCloud Emerald “gave us the flexibility to sustain grow at a critical stage in Nutmeg’s development. Their team were on hand throughout to guide us through its accelerated deployment. The system was selected as an instrumental component of our operations to provide Digital Wealth Management to our expanding customer base and offer additional features, such as fractional share holding, that both established and newer businesses aspire to provide.”

The new way Nutmeg is able to operate with InvestCloud Emerald enables them to be more efficient, controlling their costs and therefore their customers’ fees, while providing a first-class digital client experience.