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First Generation Wealth Tech – The Tiller Case Study

London, July 2018 – Wealth tech is becoming an innovative subfield in it’s on right and this week has seen further developments.   The first generation of #Wealthtech is aimed at giving users more control and choice over investments.  The explosion of technology in this sector has shown promise in disrupting current norms in wealth management.

For example, some products offer actively managed funds and themed investment baskets alongside low-cost passive investment products. Tiller is one such first-generation wealth tech firm that combined the new technological advances with the knowledge of industry professionals.  We are still a while away from a fully automated service however the progress in the industry does promise the expansion of this financial service beyond the mega-rich and institutional investors.

Read our article on Wealth Tech Funding here: 

How Does it Work? – The Tiller Case Study-

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’ personalized portfolios every day and, if necessary, rebalances them to ensure they remain optimised for the client’s risk appetite.

Tiller is a highly engineered platform with a modular design that also makes it an ideal partner for institutions, such as private banks and asset managers, looking for an intuitive and effortless online solution to meet the demands of their clients. Tiller’s various components can be white-labeled, customised and integrated to an institution’s existing infrastructure.

Tiller makes 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. In fact, unlike many wealth managers, Tiller will let you identify your risk profile, choose a portfolio and interrogate every holding before opening an account.

Jonathan 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 as 15 minutes – from ‘curious to compliant’ in a flash and with advanced passport recognition technology incorporated in the process.  Fees are clear, affordable and fair, ranging 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 has been designed for private investors as well as institutional partners including private banks, insurers, asset managers and financial advisers. The platform is powered by SEI investments’ comprehensive operating platform designed to support sophisticated wealth managers and private banks.

 

 

 

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