I have read that Tillit, previously called Vinco, is expected to launch an open architecture platform with a curated list of between 100 and 200 investments funds early next year for an annual charge of 0.4%.
Tillit was launched this summer by Felicia Hjertman. She said ‘The DIY investment market needs to be shaken up and brought into the 21st century. The information required to make informed decisions is often lacking on today’s platforms and the digital experience isn’t doing enough to help retail investors understand what they own and how much they are paying for it.’
She feels that investors don’t really understand what they own and how much it costs. Clearly, that is based on evidence. But is setting up a new platform the answer?
A more robust solution lies with greater understanding by investors in making good decisions. More often than not, that needs a conversation where your thoughts and ideas are challenged. Welcome to The Wealth Coach.