Tiller Fees

Clearly affordable fees.

Core

If you choose a Core
portfolio you will pay:

A fixed fee of

0.75%

per year

of the portfolio assets under management
This includes all custody, admin, trading and portfolio fees.


Average underlying fund fee

0.21%*

per year of portfolio assets under management

* The total cost of the ETFs used will depend on the particular composition of your portfolio, but currently average 0.21% pa. This cost is included in the fund’s performance by the ETF provider and is known as the Total Expense Ratio.

Smart or Select

If you choose a Smart or Select
portfolio you will pay:

A fixed fee of

0.90%

per year

of the portfolio assets under management
This includes all custody, admin, trading and portfolio fees.


Average underlying fund fee

0.57%**

per year of portfolio assets under management

** The total cost of the ETFs and active funds used will depend on the particular composition of your portfolio, but in calculating the average for a Smart or Select portfolio, we have assumed a 50/50 blend between monies allocated to ETF and actively managed funds. This cost is included in the fund’s performance by the ETF/active fund provider and is known as the Total Expense Ratio.

Core portfolios make use of ETF funds that track the performance of the global market indices, like the FTSE in the UK and the Dow Jones in the United States.

On the other hand, Smart and Select Portfolios make use of actively managed funds that aim to outperform the markets by buying and selling at the right time.

These active funds rely on the skills of their fund manager and are therefore carefully selected and continually benchmarked against their peers by the Tiller Team.

This process takes more time than selecting funds for our Core portfolio and is why Smart and Select Portfolios are slightly more expensive.

The average fee for a selection of top UK wealth managers is 1.37% pa of the total value of the client’s portfolio and many also charge an entry fee of 2.5% of the total money invested.

At Tiller we do not charge an entry fee and our ongoing management fees are considerably less than the average UK wealth manager.

If you choose a Core portfolio (which is made up of ETF funds) we charge 0.75% pa.

If you choose a Smart or Select Portfolio (which is made up of ETF and Actively managed funds) we charge 0.90% pa



Whether you choose Tiller (or any another wealth manager) the funds that are placed in your portfolio will also charge you a fee. This fee is factored into the daily price of your fund.

The average industry ETF fund charges 0.21% pa* (Source: Morningstar as at 17th October 2018).

The average Tiller ETF fund charge is 0.21% pa and the average Tiller actively managed fund charge 0.89% pa.

Tiller Management Fees are charged monthly in arrears based on the average of the actual daily value of your portfolio throughout the month. The management fee is taken from the cash held in the portfolio, which, for liquidity reasons, could be up to two percent of the portfolio value.

Provided you do not change your portfolio strategy, risk level or, where applicable, the Themes in your Select portfolio, more than once per year, there are no further costs, sales charges or other fees. If you wish to make these changes more frequently, Tiller reserves the right to charge an administration fee for each change of £50.

Our small fees make a big difference.

The chart below compares the value of a typical wealth manager ETF portfolio charging 1.37% pa with a Tiller Core portfolio charging just 0.75% pa over a ten-year period.

The calculation assumes an annual growth rate of 5% and an underlying ETF fund charge of 0.21% for both portfolios.

Not only does a Tiller portfolio save you money in fees, but because the saving stays invested you also benefit from increased returns.

Amount invested:

Year

  • Tiller
  • Traditional Manager

Fees saved with Tiller

Additional return with Tiller

The data used to make this calculation

Typical Wealth Manager Tiller (Core Portfolio)
Management Fee 1.37% pa* 0.75% pa
Underlying ETF fund charge 0.21% pa* 0.21% pa
Total cost of investing 1.58% pa* 0.96% pa
Annual growth rate 5% 5%

*Source: Morningstar as at 17th October 2018

Tiller fees are inclusive of VAT, where applicable.

Please remember that the value of investments and any income from them can go down as well as up and you may get back less than the full amount you invest.

Investments can go down in value as well as up so you could get back less than you invest. Your capital is at risk. Find out more

Tiller Investments Ltd is authorised and regulated by the Financial Conduct Authority (Firm Ref No 793479).
Tiller Investments Ltd is a limited company registered in England and Wales (Company No 10234817).

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