People are interested in Nick Hungerford net worth in 2023. Nick has been a Venture Partner with Portage Ventures along with Sagard since 2017. Nick has been named one of the “Top 1000 Londoners” Entrepreneur of the Year by the Evening Standard and Spears, but he is not always successful. He used his credit cards to pay Nutmeg’s first workers, and spent a year sleeping on the sofas of friends and family members.
Nick is passionate about financial education and equality and is a regular television guest and visiting professor at institutions around the world. Nick has spoken at Stanford, Harvard, Oxford, Cambridge and the London Business School, and has been a guest on the BBC, CNN, CNBC and Bloomberg. Keep reading to know more about Nick Hungerford net worth in 2023.
Nick Hungerford Net Worth in 2023: Salary and Achievements
People are curious about Nick Hungerford net worth. Nick Hungerford, the founder and CEO of the online investment business, is worth an estimated $1 billion (£620 million). Nick developed Nutmeg, Europe’s most comprehensive online investment management service, and oversaw its growth, $100 million funding, and speculated $1 billion sale to JPMorgan.
Nick is a Spears Entrepreneur of the Year Award winner, a member of the European Power 50 and a Digital Ambassador for the UK Department for International Trade. Nick worked as a divisional director for Barclays in the product, trading and asset management sectors before joining Brewin Dolphin PLC. Nick actively advises and invests in a wide range of technology companies. He was the founder and non-executive director of Innovate Finance, which represents the UK’s global fintech industry. Nick now lives in Washington, DC, in the United States.
Nick holds an MBA from Stanford University, as well as a BA from the University of Exeter in the United Kingdom. He is a participant of the Global Entrepreneur Program and an associate of the Securities Institute. As a volunteer, Nick teaches entrepreneurship and behavioral finance at many institutions.
Nick Hungerford’s profession
Nick is commonly referred to by CEOs and boards of directors of financial services companies as “the most common guy”, and he has advised many of the world’s leading banks and asset managers on how to adapt their products and services to attract a new generation of customers. He was also able to provide a fresh perspective to leaders from global non-financial services companies and government bodies. Nick established Nutmeg, Europe’s first and largest Robo-advisor, as one of the leading experts in financial technology innovation and entrepreneurship.
As a pioneer of online “robo” investing, Nick transformed a 300-year-old industry by developing a service that provides private banking-like services to a larger customer base. This company started in a garage in Silicon Valley and has now grown to become London’s leading personal investment brand. Nick is currently based in Singapore, where he invests in start-ups and works with large multinational corporations on the digital transformation of their operations. Fees vary from 0.3% for deposits of £1,000 to £25,000 to 1% for deposits of £500,000 or more.
According to the firm, fees for core funds are generally 0.19 per cent, compared to an average of 1.58% for UK active funds. A withdrawal service is also in the works. For a similar price, investors can build an Isa or personal pension with the company. However, Hungerford admits that despite multiple attempts to highlight the benefits of Nutmeg’s service over competitors, convincing investors to make the switch will take time.
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Source: HIS Education