Wealth manager Tilney has cut the number of third-party funds held in portfolios from 70 to 30 due to "mediocre" performance by many active managers.
Chief investment officer Chris Godding (pictured), who joined Tilney a year ago, said the decision had been taken to eliminate "the low-hanging fruit" from portfolios. The move was also driven by Tilney's...
Customer numbers rise an average 3.1% across all providers
Base rate 0.1%
Quilter's Jennifer Christian joins as investment specialist
Due to Covid-19
Lowest CPI reading since August 2016
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down