Tilney Bestinvest ramps up D2C play with new offering

Four multi-asset portfolios on offer

Discretionary manager Tilney Bestinvest has launched a service that guides investors to a selection of multi-asset funds, without giving them advice.

The automated process takes potential investors to four multi-asset portfolios based on risk, ranging from aggressive to defensive. Investors get asked a few questions as part of their decision-making, however at no stage do they get advice, said managing director Jason Hollands (pictured). For instance, they are able to chose between the type of account they wish to invest in - from general investment accounts, ISAs and self-invested personal pensions (SIPP) - and the amount of risk they wish to take. But they do not fill in a suitability report, a key element of personalised advi...