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Here’s why JPMorgan acquired the UK’s largest robo-advisor firm

Here's why JPMorgan acquired the UK's largest robo-advisor firm

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JPMorgan Chase & Co (NYSE: JPM) said on Thursday it will buy Nutmeg to expand its footprint in the UK retail banking and investment sector. The British online investment management platform currently boasts $4.9 billion (£3.5 billion) in assets under management.

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