J.P. Morgan Personal Investing vs Moneybox: which is the best investment platform?

In this review, we look at the key features for both Moneybox and J.P. Morgan Personal Investing to see which is the better investment platform. Although Moneybox is well known for its savings accounts and corresponding round-up feature, it also has an interesting investment component, which stacks up well against J.P. Morgan Personal Investing's more traditional proposition.

J.P. Morgan Personal Investing vs Moneybox - which is better?

	J.P. Morgan Personal Investing (formerly Nutmeg) - Fully Managed	Moneybox
Minimum investment	£500 (£100 for JISA and LISA)	£1
Management fees	Up to £100,000 - 0.75% Over £100,000 - 0.35% Additional fees for underlying funds	£1 monthly subscription (waived for first 3 months) 0.45% platform fee (No monthly subscription for SIPP, 0.45% platform fee up to £100,000, 0.15% over £100,000) Additional fees for underlying funds
Products	ISA, General Investment Account, Junior ISA, Lifetime ISA and SIPP	Simple saver and notice accounts Cash ISA Cash Lifetime ISA Stocks & Shares ISA, Stocks & Shares LISA, GIA and SIPP
Number of non-ethical portfolios	10 managed portfolios & 5 Smart alpha portfolios & 5 Fixed allocation portfolios	3
Ethical portfolios	10	3
Other options	Thematic investing	n/a
Trustpilot reviews	4.3 out of 5.0	4.4 out of 5.0
Money to the Masses offer	n/a	n/a

 

J.P. Morgan Personal Investing vs Moneybox - minimum investment

Moneybox works slightly differently from J.P. Morgan Personal Investing in that it charges a monthly £1 subscription fee, although this is waived for the first 3 months. There is no minimum investment required and, indeed, there is no monthly subscription for its SIPP. Meanwhile, J.P. Morgan Personal Investing has a minimum investment of £500, which reduces to £100 for its JISA and LISA.

J.P. Morgan Personal Investing vs Moneybox - fees

In addition to its £1 monthly subscription, Moneybox charges an annual platform fee of 0.45% (this falls to 0.15% for SIPPs over £100,000). J.P. Morgan Personal Investing's fees stand at 0.75% for investments up to £100,000 and 0.35% for amounts over that, which makes it a cheaper option than Moneybox for those with larger investment pots.

It is worth noting that, although the £1 monthly charge may not seem like much, for those taking advantage of the fact there is no minimum investment requirement and putting in, say, less than £100 per month, it can easily erode any growth and could be demoralising for new investors. An investment of around £100-£150 per month is required to get the fees down to a more reasonable 1% of the amount invested, although this is still an expensive monthly charge which you have to pay in order to invest. J.P. Morgan Personal Investing, on the other hand, does not charge any up-front or monthly subscription fee to invest.

J.P. Morgan Personal Investing vs Moneybox - products

Moneybox has a range of savings products alongside its investment proposition, which opens it up to a broad range of individuals. It has an easy-access 'Simple Saver' account as well as a number of other savings accounts including a 32 and 95 day notice account. Within the investment sphere, both Moneybox and J.P. Morgan Personal Investing have an ISA, GIA, JISA, LISA and SIPP.

J.P. Morgan Personal Investing vs Moneybox - portfolios

In terms of the portfolios it has on offer, J.P. Morgan Personal Investing far outstrips Moneybox. In total it has 10 risk-rated portfolios in its Fully Managed range, while it also has additional Fixed Allocation and Smart Alpha portfolios to target the needs of different types of investors. In addition, J.P. Morgan Personal Investing also offers Thematic investing which allowing investors to invest in future trends through one of three future-focussed themes. These are Technological Innovation, Resource transformation and Evolving Consumer. In contrast, Moneybox has just 3 core portfolios, which are Cautious, Balanced and Adventurous. However, Moneybox has the option to build your own portfolio from a selection of funds, which could appeal to those with have some prior experience of investing and have the confidence to create a balanced portfolio that meets their requirements.

J.P. Morgan Personal Investing vs Moneybox - ethical portfolios

As demand for ethical investments grows, most platforms now offer ethical portfolios within their ranges. J.P. Morgan Personal Investing and Moneybox are no exception, with their versions mimicking the risk profiles of their main ranges, but populated by passive funds that tie in with their ethical frameworks. As such, J.P. Morgan Personal Investing has 10 ethical portfolios and Moneybox has 3.

J.P. Morgan Personal Investing vs Moneybox - performance

According to their latest figures for returns in 2024, Moneybox outperformed J.P. Morgan Personal Investing across all its portfolios, particularly its "Balanced" portfolio. Although it is difficult to draw a direct comparison because of the different number of portfolios on offer, the table below shows the returns delivered by Moneybox compared with equivalent portfolios from J.P. Morgan Personal Investing.

	J.P. Morgan Personal Investing Fully Managed	Moneybox
J.P. Morgan Personal Investing Portfolio 3 vs Moneybox Cautious	+5.3%	+5.9%
J.P. Morgan Personal Investing Portfolio 6 vs Moneybox Balanced	+8.9%	+15%
J.P. Morgan Personal Investing Portfolio 9 vs Moneybox Adventurous	+14.6%	+17%

Generally, past performance isn't always a reliable indicator of future performance so these figures need to be viewed within the wider context of what each platform offers as a whole. In 2023, for example, J.P. Morgan Personal Investing outperformed Moneybox across its more cautious portfolios, but in 2024, Moneybox largely outperformed J.P. Morgan Personal Investing.

Summary: J.P. Morgan Personal Investing vs Moneybox

Overall, Moneybox is a very different beast from J.P. Morgan Personal Investing as it is app-only, incorporates a round-up feature to help bolster your savings or investments and works on a subscription model. If you decide to save with Moneybox ( i.e. put your round-ups into a savings account either than an investment portfolio) there is no £1 monthly subscription fee. This is when Moneybox particularly appeals, that is, when using it as a savings app.  As such, it may appeal more to a younger audience and, indeed, its stripped-back choice of portfolios compared with J.P. Morgan Personal Investing's could make it less daunting for beginners. That said, J.P. Morgan Personal Investing has a greater degree of choice, in terms of the underlying investment portfolios.

For more information, read our dedicated reviews for J.P. Morgan Personal Investing and Moneybox.