Updated September 28, 2026 · BrokerCue Editorial Team
Empower Personal Dashboard vs Nutmeg
Empower Personal Dashboard vs Nutmeg: the differences
| Compare |  Empower Personal Dashboard |  Nutmeg |
|---|---|---|
| Management fee | 0%Lower | 0.25% to 0.75% |
| Minimum investment | $0 | £100 to £500 |
| Account types | IRA | ISA, SIPP |
| Portfolio types | ETF, Cash | ETF, ESG, CashCovers more |
| Regulators | Not confirmed | Financial Conduct Authority |
| Investor protection | Not confirmed | FSCS up to GBP 85,000 |
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Key differences
- Empower Personal Dashboard scores higher overall: 9.4 vs 9.2.
- Management fee is lower at Empower Personal Dashboard: 0% vs 0.25% to 0.75%.
- Account types: only Empower Personal Dashboard offers IRA.
- Account types: only Nutmeg offers ISA, SIPP.
- Portfolio types: only Nutmeg offers ESG.
- Support channels: only Nutmeg offers Chat.
Our verdict on each
Empower Personal Dashboard
Empower Personal Dashboard suits US savers who want a managed retirement account without a fee attached. The management fee is 0% and the minimum investment is $0, so the cost side is as light as it gets. It fits people who would rather set it and leave it than trade.
Nutmeg
Nutmeg suits UK investors who want a managed portfolio held in an ISA or SIPP rather than a self-directed dealing account. The cost of that convenience is a single management fee of 0.25% to 0.75%, with a £0 stock trade fee and FSCS protection of FSCS up to GBP 85,000 in place.
Score breakdown
| Area | Empower Personal Dashboard | Nutmeg |
|---|---|---|
| Cost | 9.9HigherManagement fee 0%, account fee $0 and minimum investment $0 sit at the free end of costs. | 9.0Management fees of 0.25% to 0.75% run above the robo-adviser median of 0.35%, and the entry floor is high. |
| Offer | 8.8 | 9.6Higher |
| Trust | Not confirmed | 9.1 |
Pick Empower Personal Dashboard if, pick Nutmeg if
Pick Empower Personal Dashboard if cost and management fee matter most.
Pick Nutmeg if offer and portfolio types matter most.
The bill, worked out
10,000 invested for a year
Empower Personal Dashboard
0
0% of 10,000
Nutmeg
25 to 75
0.25% to 0.75% of 10,000
Empower Personal Dashboard comes out 25 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
How they place
| Ranking | Empower Personal Dashboard | Nutmeg |
|---|---|---|
| Stock and ETF brokers | 12 of 471 | 101 of 471 |
| Robo-advisors | 4 of 151 | 32 of 151 |
Every fact side by side
| Fact | Empower Personal Dashboard | Nutmeg |
|---|---|---|
| Legal entity | Empower Advisory Group, LLC | J.P. Morgan Personal Investing Limited |
| Headquarters | United States | United Kingdom |
| Founded | Not confirmed | 2012 |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone, Help centreCovers more |
Brokers
| Fact | Empower Personal Dashboard | Nutmeg |
|---|---|---|
| Minimum deposit | $0 | £500 |
| Stock trade fee | $0 | £0 |
| Account fee | $0 | Not confirmed |
| Markets | Stocks, ETFs, Funds | ETFs, Funds, Stocks, BondsCovers more |
| Features | Mobile app | Mobile app |
| Pricing model | Commission free, Low feesCovers more | Commission free |
| Deposit and withdrawal fees | Not confirmed | no set-up, trading or exit fees |
| Platforms | Not confirmed | Web, Mobile app |
Where each stands against the rest
| Fact | Empower Personal Dashboard | Nutmeg | Median |
|---|---|---|---|
| Management fee | 0%lowest quarter | 0.25% to 0.75%below the median | 0.345% |
Median across 86 listed brokers.
Pros and cons
Empower Personal Dashboard
Pros
- Management fee of 0% and an account fee of $0, so nothing leaves the balance each year.
- Minimum investment of $0 and a minimum deposit of $0, so a small first contribution is enough.
- Stock trades cost $0 across stocks, etfs and funds, with managed portfolios in ETF and cash styles.
Cons
- The account type is an IRA, so it is a retirement account rather than a general dealing account.
- Markets stop at stocks, etfs and funds, with no crypto, options or forex added on.
- Support runs on email, phone and help centre, so there is no live chat for quick questions.
Nutmeg
Pros
- One ongoing charge to read: management fees of 0.25% to 0.75%, with no set-up, trading or exit fees on top.
- Holdings span etfs, funds and stocks, so a managed basket can still cover a wide spread of asset types.
- Regulated by the Financial Conduct Authority, with FSCS protection of FSCS up to GBP 85,000 behind the account.
Cons
- Management fees of 0.25% to 0.75% sit above the robo-adviser median of 0.35%, and the cost rises as the balance grows.
- The opening deposit is £500 and later money goes in from £100 to £500, higher than the robo-adviser median of €60.06.
- The portfolio range is etf, esg and cash only, so there is no crypto or thematic option to tilt towards.
Who each suits
Empower Personal Dashboard
Who it suits
- US savers building a retirement account who want it run for them at no annual charge.
- People who prefer ETF and cash portfolios over picking their own shares.
- Long-term investors content with a conventional asset range.
Who should look elsewhere
- eToro, where the managed portfolios start at $500.
- Vivid Standard, which charges a management fee of 0.5% to 1.5%.
- Axos Invest, where managed portfolios start at $100.
Nutmeg
Who it suits
- UK investors who want a managed portfolio inside an ISA or a SIPP and accept a single ongoing charge for the service.
- People who would rather not research individual funds, since the holdings run to etf, esg and cash approaches chosen and held for you.
- Investors who want a phone line as well as written support, since email, chat and phone includes phone, chat, email and a help centre.
Who should look elsewhere
- Anyone starting with a small first payment, since the £500 deposit is well above the robo-advisor lower quartile of €0, and Axos Invest begins at $100 in US dollars.
- Shoppers who want the lowest ongoing charge, since eToro runs a 0% management fee and Vivid Standard charges 0.5% to 1.5%, against Nutmeg's 0.25% to 0.75%.
- Investors who want accounts in US dollars, because Axos Invest takes $100 in dollars while Nutmeg's £100 to £500 sits in pounds.
Current offers
Nutmeg
Current offer
Bonus
Earn £100 when you invest £1,000: GBP 100 cash reward
Invest at least £1,000 in one payment into a General Investment Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA or Personal Pension and keep it invested for at least 6 months; new contributions only, transfers excluded; reward paid as unallocated cash within 55 days; new clients only, cannot be combined with other new-client offers
Source, checked September 26, 2026
Country by country
| Country | Empower Personal Dashboard | Nutmeg |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
Empower Personal Dashboard
What does Empower Personal Dashboard charge?+
The management fee is 0% and the account fee is $0, so nothing is taken out of the balance for holding or running the account. Trading is separate, and the stock trade fee is $0, which keeps running costs thin overall.
Is there a minimum to get started?+
The minimum investment is $0 and the minimum deposit is $0, so you can begin with a small amount rather than waiting for a large balance. That makes it a practical first step for anyone building a retirement pot gradually.
Nutmeg
What does Nutmeg charge to manage my money?+
The charge is a single management fee of 0.25% to 0.75%, which sits above the robo-adviser median of 0.35% in this group. There are no set-up, trading or exit fees to add on top. Money can go in from £100 to £500, so the cost is a percentage of what you hold rather than a price per deal.
How much do I need to open an account?+
The minimum deposit is £500, and once the account is open money can go in from £100 to £500. That first payment is the step most readers notice, and it sits above the lower quartile of €0 across robo-advisers here.
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