Banking giant JPMorgan buys WealthOS

Friday, 23 January 2026 00:20 - - {{hitsCtrl.values.hits}}

JPMorganChase, the US-based banking giant, has swooped to buy a British pensions technology company WealthOS as it tries to augment its retirement planning services to personal investing clients.

WealthOS was founded in 2019. Chaired by former Google Executive John Herlihy, WealthOS is a wealth management software business.

The deal was announced internally by JPMorganChase’s personal investing division – previously called Nutmeg – this week.

The price being paid by the American bank was unclear as of yesterday.

WealthOS has a workforce split between the UK and Sri Lanka, where it has a product and software engineering centre.

JPMorgan has made big strides into the UK personal banking and wealth management sector in recent years, launching a digital savings bank under the Chase brand in 2021.

It acquired Nutmeg, for which it was reported to have paid about £ 700 million, the same year.

Nutmeg, now called J.P. Morgan Personal Investing, has roughly 275,000 customers in the UK, according to an internal memo announcing the deal, which the firm said would give it “access to cutting-edge technology and deep sector expertise.”

JPMorgan declined to comment. (Sky News)