Fintech entrepreneur Nick Hungerford, the co-founder of robo-adviser Nutmeg, has died on the age of 43 after affected by a terminal most cancers.
Mr Hungerford was one of many UK’s greatest identified monetary expertise entrepreneurs, founding Nutmeg in 2011 with enterprise companion William Todd.
Nutmeg was one of many first direct to client robo-advice corporations, permitting traders to arrange and handle their investments on-line.
Regardless of affected by terminal most cancers, Mr Hungerford and his spouse arrange a charity – Elizabeth’s Smile – to assist youngsters who’ve misplaced or will lose a mother or father, working initially within the UK but in addition now the US.
A spokesman for JP Morgan-owned Nutmeg mentioned right now: “It’s with nice unhappiness that we verify right now that Nick Hungerford, Nutmeg co-founder and one in every of Britain’s most profitable fintech entrepreneurs, has handed away on the age of 43.
“Nick was keen about serving to to empower folks to realize their full potential – via Nutmeg, he hoped to democratise wealth administration and begin a journey that will change the retail funding sector within the UK. It’s a mission all of us purpose to ship every single day.”
The spokesperson added: “On behalf of all Nutmeg colleagues, previous and current, we’re extremely pleased with the journey Nick began, every little thing achieved up to now and the chance now we have to proceed to assist folks handle their cash sooner or later.”
Mr Hungerford’s charity, Elizabeth’s Smile, offers sources for kids who lose a mother or father, initially within the UK and US. Additional particulars of the right way to help the charity and discover out extra about its work are right here: www.elizabeth.org
Mr Hungerford died of bone most cancers 6 July in Washington, DC. He was born in Bristol and acquired a level from the College of Exeter and an MBA from Stanford College within the US.
He started his profession as a wealth supervisor at Barclays and Brewin Dolphin. He co-founded Nutmeg which was offered in 2021 to JP Morgan, having amassed 140,000 shoppers and £3.5bn in property beneath administration.
After Nutmeg, he joined Portage as a enterprise companion. He was a prolific contributor throughout the fintech business and was the digital ambassador for the UK Division for Worldwide Commerce, a member of the European Energy 50, a founding non-executive Director of Innovate Finance – the affiliation representing the UK’s world fintech neighborhood – and a recipient of the Spear’s Entrepreneur of the Yr award.
His household mentioned his private expertise navigating terminal most cancers revealed a dearth of sources accessible to help youngsters who lose a mother or father. Impressed to make sure his daughter was not condemned to a lifetime of grief or drawback, he created ‘Elizabeth’s Smile’, a non-profit named after his daughter.
He leaves a spouse Nancy; his daughter Elizabeth; his mother and father Robin and Judi Hungerford; sister Katie Hungerford Dang; brother-in-law Andy Dang; Bert and Marjorie Hulgrave, mother and father of Nancy; and sister-in-law Kathryn Hulgrave McNaughton. Personal providers will probably be held in Washington, DC, and England.