Nutmeg, the UK’s first online discretionary investment management company, has joined Asset Risk Consultants’ (ARC) Private Client Indices (PCI).
The PCI are a peer group comparison tool designed to provide an understanding of the performance generated by discretionary private client investment managers. The Indices are based on real performance numbers provided by participating investment managers and focus on high quality data with no model or synthetic data being used.
For a number of years PCI has been a crucial tool for the wealth and investment management industries. PCI measure the performance of investment managers, detailing the actual returns that have been generated.
ARC will assist Nutmeg by monitoring the performance of its portfolios managers to ensure investors’ portfolios are in line with expectations.
Matt Lonsdale, Head of Business Development, says: “It is a great endorsement to have been selected by Nutmeg to provide research and performance reporting to its clients.
“Nutmeg shares the same values as us in that clients’ investment expectations and objections are key and do not believe in using confusing benchmarks that bear no resemblance to reality.
“Nutmeg joining the PCI is fantastic news, having a firm with a sole focus on direct to consumer offering using the PCI as a performance benchmark adds to our opinion that the PCI is the most truthful representation of private client performance in the UK. We commend Nutmeg for their commitment to performance transparency.”
