Online wealth manager, Tiller – which offers actively managed funds and themed investment baskets alongside low-cost passive investment products – has launched.
Tiller has been designed for private investors, as well as institutional partners including private banks, insurers, asset managers and financial advisers.
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The platform is powered by SEI investments’ comprehensive operating platform designed to support sophisticated wealth managers and private banks.
Tiller combines both a qualitative and quantitative approach. The investment team uses its qualitative experience to select the most appropriate funds for use in Tiller’s portfolios and to help monitor global events that may cause exceptional market conditions.
They back this up with an intelligent algorithm that continually monitors market conditions and their clients’ personalised portfolios every day and, if necessary, rebalances them to ensure they remain optimised for the client’s risk appetite.
Overall, Tiller aims to make investing easy and accessible. Clients can monitor and manage their portfolio 24/7 via a mobile, tablet or desktop and can model the impact of switching strategy before making the final decision.
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By GlobalDataJonathan Wauton, Chief Investment Officer & Co-Founder, said: “How wealth managers perform in turbulent markets is a true mark of their skill. In our previous company, we were recognised both for our achievements in investment management as well as proprietary technology.
“Irrespective of whether it is our ETF-only portfolios or blended, we never leave your money to the fate of the markets. We combine intelligent technology and proactive management. This approach gives discerning investors peace of mind about risk and performance, at an affordable fee.”
With a minimum investment of £10,000, an account can be set up in as little at 15 minutes – and with advanced passport recognition technology incorporated in the process.
Anyone with a UK bank account is applicable – currently the funds are only in sterling, but there are plans to launch US dollar and Euro versions of the next few months. Passport and residency can be of any type, but the UK bank account is a must.
Fees range from 0.75% for the core portfolio of ETFs and rising to 0.9% on portfolios incorporating actively managed funds and themed investment baskets.
ETF portfolios have an underlying fee of typically 0.25% and active portfolios have an average underlying fee of 0.54%. There are no other additional charges for custody, administration, or for making trades or withdrawals.
Tiller’s founders are experienced investment professionals who have each spent over 30 years in the capital markets industry.
Tiller is regulated by the Financial Conduct Authority (FCA) in the UK.
