Is Tillit good for investing?
Independent review by Boring Money
Investment expert’s opinion
Tillit feels like more of a research hub than an investment platform. It looks beautiful and the production values are high. There is a lot of nice content and detail, with good videos and graphics, but I can't quite figure out their target market. They're not simple enough for real beginners but more sophisticated investors will get frustrated because they can't see things in the way in which they have learned to. They've tried so hard to be different that it looks like a lovely magazine, but one which doesn't quite give me the info I want.
This is the view of investment expert Holly Mackay based on her first-hand customer experience as a test account holder. This does not constitute regulated advice. You can read more about Holly's investments here.
Who is TILLIT?
This digital platform opened to the public in November 2021 and offers to help retail investors make better decisions with hand-picked funds, trusts and ETFs.
TILLIT is a new addition to the DIY platform world for those who want some help in picking funds. With an ex-Baillie Gifford fund manager as the founder and a long-term goal of building the world’s best fund boutique, TILLIT is focused on building a platform that makes investment decisions easier for consumers.
TILLIT is unique in its approach as a platform, opting to offer a limited range of investments that it believes to be the best, instead of thousands of options for users to pick through. It covers a wide range of sectors/regions and offers a comprehensive filtering system to help users find exactly what they’re looking for. Simultaneously, TILLIT provides jargon-busting flashcards, clear explanations and interesting, colloquial fund summaries/definitions, equipping users with the understanding that allows them to make informed decisions about their investments by themselves. This is compounded with an informative ‘insights’ section on the website, with quarterly market reviews and opinion pieces on various interesting topics.
Who is TILLIT good for?
TILLIT appears designed for newer or less confident investors who value simplicity and guidance in their investment journey. The platform's emphasis on user experience, educational resources, and readily available support suggests they're targeting customers who prefer a straightforward, hand-held approach rather than sophisticated traders. While the lack of a mobile app indicates their ideal customer primarily manages investments through desktop, the clean design and staged exploration of funds before account creation shows they're focused on building trust with investors who appreciate taking things step by step.
Pros and cons
Investments
Funds |
Investment trusts |
ETFs |
Accounts
Stocks & Shares ISA | Pension (SIPP) | General Investment Account (GIA) | Lifetime ISA | Junior ISA |
✔ | ✔ | ✔ | X | X |
Fees and charges
Investment | Account Charge | Trading fees |
ISA* | 0.4% | Free |
SIPP** | 0.4% | Free |
*Your fee will drop by 0.01% every year until it reaches 0.25% - regardless of the size of your assets.
**Early adopters of the Tillit pension will be charged a flat platform fee of 0.25% pa on all assets in their account(s). Their fee will drop by 0.01% every year until it reaches 0.25% - regardless of the size of your assets.
Customer Reviews of TILLIT
The customer reviews for Tillit are generally positive. Users appreciate the platform's modern design, ease of use, and comprehensive fund research. Many find it engaging and easy to navigate. One user mentioned that Tillit makes investment simple to understand and easy to do, while another praised it as a great new way to invest. A third user described Tillit as an awesome, super engaging platform that is really easy to use.
However, some users feel that the platform might be too complex for total novices and are concerned about the limited range of investments available. Overall, Tillit is well-received for its user-friendly design and fund research, but it may not be ideal for complete beginners.
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TILLIT
This digital platform opened to the public in November 2021 and offers to help retail investors make better decisions with hand-picked funds, trusts and ETFs.
Most asked questions
Is TILLIT safe?
TILLIT is regulated by the Financial Conduct Authority (FCA). If a fund fails due to fraud or mismanagement, you may be eligible for compensation from the Financial Services Compensation Scheme (FSCS). The FSCS protection is capped at £85,000 per person, per fund manager (not per individual fund). However, if your investments lose value due to normal market conditions or your investment choices, this is part of the normal risk of investing and is not covered by FSCS compensation.
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