The Dark Universe
TILLIT is a curated platform with handpicked funds, investment trusts and ETFs - we don’t offer everything in the market. If you have investment accounts elsewhere, that could make moving to TILLIT a challenge. This is why we have built the Dark Universe, which enables you to move to TILLIT and bring your holdings* with you.
*Please see ‘Eligible assets’ below for more information.
Capital at risk.
Bring your holdings with you
You may not want to be out of the market during the time of a transfer, you may be particularly fond of some holdings in your portfolio that don’t currently exist in the TILLIT Universe, or the timing might not be right to sell. Whatever the reason may be, we have built the Dark Universe so that you can move to TILLIT and bring your holdings* with you.
The in specie transfer
The ability to transfer an existing investment account with holdings to TILLIT without having to sell them down to cash is called an ‘in specie’ transfer. You can bring any eligible* holdings with you and you stay invested throughout the transfer process.
*Please see ‘Eligible assets’ below for more information.
Capital at risk.
Transfer to TILLIT
If you are ready to move to TILLIT and bring your holdings with you, you can start by clicking the button below. We look forward to welcoming you to TILLIT!
Dark Universe assets vs TILLIT Universe assets
The Dark Universe is where we host any funds, investment trusts (including REITs) or ETFs (including ETCs) you transfer that are not currently in the main TILLIT Universe.
Please see the below comparison table for more detail about what you can do and what information you have access to for Dark Universe assets versus TILLIT Universe assets.
| TILLIT Universe assets | Dark Universe assets | |
|---|---|---|
| Trading (buy and sell) | ||
| Performance data | ||
| Yield data | ||
| Factsheet | ||
| KIID/KID | ||
| Top 10 holdings, sectors, regions | ||
| Fund manager data | ||
| Other (name, ISIN, asset manager, size, structure) | ||
| TILLIT View | ||
| One-line description | ||
| Fund manager video (where applicable) | ||
| Sustainability data (where applicable) | ||
| Ongoing due diligence | ||
| Searchable in the TILLIT Universe |
Eligible assets
In designing the Dark Universe, we’re aiming to make it easier for our customers to transfer to TILLIT. However, we can’t accept any and all assets.
As TILLIT is a platform focused on funds (including open-ended, investment trusts and ETFs), we are not able to access individual stocks and shares, cryptocurrencies or other niche or alternative assets. Please see the table below for more detail.
| Asset type | Accepted Rejected |
|---|---|
| UK (and LUX) domiciled open-ended funds | |
| Investment trusts | |
| Real estate investment trusts (REITs) | |
| Exchange-traded funds (ETFs) | |
| Exchange-traded commodities (ETCs) | |
| Individual stocks & shares | |
| Non-GBP denominated assets | |
| Cryptocurrencies | |
| Leveraged ETFs | |
| Complex assets (including over-the-counter instruments, private assets, etc) | |
| Any unregulated assets |
If you are unsure whether we are able to accept a particular asset, email our Transfer Concierge team at transfers@tillitinvest.com, or check out our FAQs on transfers.
Capital at risk.
Frequently Answered Questions
You can find the full list of transfer FAQs here.
How long does it take to transfer my account to TILLIT?
You can start transferring your account to TILLIT in less than 5 minutes! Once we have received your transfer request, we will reach out directly to your existing provider to let them know that you want to transfer your account to TILLIT.
Cash transfers typically take a few working days to complete and an in specie transfer typically takes 4-8 weeks to complete, depending on your current provider and the complexity of your account. Please note, pension transfers can take up to 12 weeks to complete but our Transfer Concierge team will keep you in the loop every step of the way.
Your existing provider may reach out to you to confirm that you want to transfer, so keep an eye out for any communications in the days after you submit your transfer request on TILLIT to avoid any delays.
Are there any fees associated with transferring my account?
We won’t charge you any fees to transfer your account to (or from!) TILLIT. However, your current provider may charge exit and/or dealing fees. The costs and charges are dependent on your current provider.
Please note that some providers charge higher dealing fees if they make sales on your behalf, as opposed to you instructing the sale yourself. You should confirm dealing charges with them if you have any questions ahead of your transfer.
Please note that if you are transferring a General Investment Account in cash, or in specie and hold investments that TILLIT cannot accept, you may also incur a Capital Gains Tax charge as a result of those investments being sold down to be transferred as cash.
Tax treatment depends on an individual’s circumstances and may be subject to change.
Are there any restrictions on transferred assets that end up in the Dark Universe?
You will be able to continue to trade your Dark Universe holdings but if you sell out of a Dark Universe holding in full you will not be able to buy it back, unless it was later added to the main TILLIT Universe.
You can only buy more of a Dark Universe asset in the account it was originally transferred into. You would not be able to invest in it through a different investment account. For example, if you have an ISA and a Pension and you hold a Dark Universe fund in your ISA, you cannot buy it in your Pension.
You will find all the information about your Dark Universe holdings on your Dashboard and from there you can click through to the information page for each of your holdings, including your Dark Universe holdings.
See the comparison table about the differences between TILLIT Universe assets and Dark Universe assets.
What happens if I try to transfer an ineligible asset?
If you transfer an account containing one or more ineligible assets, then our custodian will instruct your current provider to sell the assets and transfer them as cash alongside the eligible assets.
Depending on your provider, they may make the sale for you automatically or you may be asked to make the sale yourself before the transfer can continue.
Please note that some providers charge higher dealing fees if they make sales on your behalf, as opposed to you instructing the sale yourself. You should confirm dealing charges with them if you have any questions ahead of your transfer.
Can I transfer just some of my holdings to TILLIT?
Partial in specie transfers are complex, not easily automated and dependent on the terms and conditions of your current provider.
If you want to make a partial transfer to TILLIT, please reach out to us on live chat or email our Transfer Concierge at transfers@tillitinvest.com and we’ll be happy to help. We will ask you for information about the type of account you are looking to transfer, the assets and units you want to transfer and details about your current platform.
Please note that partial ISA transfers are only possible by transferring either the current tax year’s contributions in full, or some/all of your previous years’ contributions.
Will I be able to see and invest in other Dark Universe assets?
Any Dark Universe holdings will only be available and visible to you. Other customers on TILLIT will not be able to find or invest in a Dark Universe holding, unless they have themselves transferred it to TILLIT.
Can Dark Universe assets become TILLIT Universe assets?
Our Investment Committee is always looking for great funds to be added to the TILLIT Universe. The Dark Universe is another way for our Fund Selection team to find and consider new ideas. We keep a close eye on what our customers transfer into the Dark Universe and if we see a consistent theme or concentration in specific funds, then rest assured that we will take a closer look to see if we think these warrant inclusion in our main TILLIT Universe.
Have questions?
Check out our FAQs on transfers or email the Transfer Concierge team at transfers@tillitinvest.com and they'll be happy to help.
Transfer to TILLIT
If you are ready to move to TILLIT and bring your holdings with you, you can start by clicking the button below. We look forward to welcoming you to TILLIT!
Capital at risk.