Introducing the Silo Investment Service
The Silo Investment Service is Killik & Co’s new and improved digital-first discretionary offering, that gives clients the benefits of expert-led investment, innovative technology and flexible payments, all through the Killik App.
Clients can also access a suite of educational content and exploratory tools, updated regularly and all hosted in app.
This service is perfect for those who are completely new to investing or still building their investment pot but do not yet need the expertise of a human Adviser.
Choose to save into a General Investment Account, Junior ISA, or ISA
Capital at Risk
Please do remember that as with all investments, your capital is at risk. Past performance is not an indication of future performance. Tax treatment depends on individual circumstances and may be subject to change.
What is included with our app-based investment service?
The Silo Investment Service offers a simple and convenient way to save and invest, with the added assurance that a team of experts will be managing your wealth. Every Silo Investment Service client benefits from:
- A choice of accounts from General Investment Account, Stocks and Shares ISA or Junior ISA
- A choice of four expertly managed investment portfolios to suit your risk profile and long term objectives
- No minimum monthly investing requirement, so you can save and invest comfortably
- Access to withdraw money in-app, at any time without fees
However you prefer to save, you can invest your money into a portfolio of funds chosen specifically for you, and managed by the experts at Killik & Co.
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New to investing?
We believe anyone can invest successfully and have a long history of making investing easier to understand. Whether you want to learn about how to invest, types of investments, or how the markets work, we offer a range of videos and guides to help you get started.
What is unique about our investing app?
Silo is more than just an investing app. Powered by an award-winning firm with over three decades of investing expertise, our mission since 2019 has been to deliver an innovative, digital-only investment solution.
Managed investing
Select from one of four simple investment plans, managed on your behalf by our investment experts.
Tax efficient wrappers
Invest tax-efficiently through Silo stocks & share ISAs and Junior ISAs, allowing you to shelter any gains.
In-app guidance
Learn more investing basics, with clear and concise explanations accessed in app.
Instant Payments
Our instant payments feature lets you top up your account anytime, anywhere - so you can boost your savings when you feel more financial freedom.
Recurring payments
Save your way, by setting up automatic recurring payments on a monthly or weekly basis so all you need to do is sit back and let our experienced team invest on your behalf.
Smart and secure
The Killik App offers security and encryption, with the convenience of login using face or fingerprint ID.
How our investing app service works
- 1 Getting started
- 2 Getting invested
- 3 Setting up payments
- 4 Leave the rest to us
Tell us a bit about you
When you apply for a Silo account, we will ask you some questions about your income and your attitude to investment risk.
Select your investment plans
Select from one of four simple plans, based on your risk preferences. These will then see you invested in a diversified portfolio of funds.
Personalise your experience
Your account will be available shortly after you apply so that you can put your plan into action quickly, choosing how much and how often you want to invest.
Sit back and relax
The funds you will be invested in are chosen and monitored by the award-winning investment team at Killik & Co. If you have any concerns, we have a dedicated and friendly support team.
Save and invest, with Silo
Download the Killik App now to set up Silo and get invested. The power to start investing is in your hands.
Want to know if Silo is right for you?
Here are a few questions that people often ask. We also answer more questions about how Silo works in the app.
Frequently asked questions about our investing app
Who can apply for a Silo account?
To apply for a Silo account, you must:
- Be a British citizen or UK resident with at least 3 years UK residential history
- Not be a US citizen or Green Card holder
- Meet suitability criteria at sign up
- Be 18 years or older
Is there a minimum or maximum that I can save into Silo?
No, there is not a minimum or maximum amount you are required to save with Silo
How am I invested?
Silo is a discretionary service, where you select the plan that is right for you from one of four simple options and we manage the day to day investments on your behalf. Your money will be spread across up to 16 different investment funds, all of which contain a wide range of different holdings, so you never have all your eggs in one basket (what Investors term a well-diversified portfolio). You will be able to see a breakdown of exactly where your money is invested on the ‘Investments’ page in the app.
How long does it take to set up my account?
Creating a Silo account and connecting to your bank account will take minutes, providing you have all your documents in order. We’ll need to ask you a few questions designed to ensure that Silo is suitable for you, before getting you started.
For legal guardians looking to open and manage a Junior ISA (JISA), the process is similar. First we collect some basic information to verify your identity and from there you will be able to open a child’s Junior ISA account.
Can I transfer existing ISAs and JISAs into Silo?
Yes, you can transfer your Stocks and Shares Individual Savings Account ( ISA ) or Junior ISA from your provider to Silo any time. If you have any questions about how, please contact our support team at [email protected]
Who can open a Junior ISA?
Junior ISAs can only be opened by an individual who has parental responsibility for a child who is under the age of 18 and lives in the UK.
After signing up in the Killik app, and entering some basic information for ID checks, you can open a Silo Junior ISA for one or more children.
When your child turns 18, they will become the primary contact responsible for the account and their JISA will transfer automatically to an ISA. This means they can continue investing into their ISA, transfer it somewhere else or withdraw some or all of it.
What are the fees?
There are two separate charges that apply:
Killik & Co’s fees – This covers the cost of powering Silo and is 0.75% of your total portfolio per annum. Fees are automatically collected monthly.
Fund Manager fee – Each fund you are invested in has a Fund Manager responsible for administering and managing the underlying investments. The fund manager fee is automatically deducted by the Fund Manager and is estimated to be between 0.20% and 0.50% of the fund value, per annum
Is my money safe?
Accessing your accounts and making payments is secure and straightforward. The Killik App offers security and encryption for ultimate peace of mind with the convenience of login using face or fingerprint ID.
Killik & Co are authorised and regulated by the Financial Conduct Authority.
We will treat you as a ‘Retail Client’ which means you get the highest level of protection under the FCA’s rules. Your investments will be registered in the name of Platform Securities LLP in accordance with the safe custody rules of the FCA. This means they are kept separate from our and the Custodian’s own investments. Investments are pooled with those of other Silo clients. The Custodian makes sure that at all times it knows which investments belong to which client and is required to make regular reports to the FCA that this is the case. In the unlikely event that the Custodian went bust and was unable to pay any claims against it, you may be entitled to compensation from FSCS for investments up to a value of £85,000.
Can I easily access my money once it is invested?
Your money will remain in your Silo Account until you instruct us to pay any or all of it from your Silo Account to your Bank Account. Withdrawals can only be requested by you logging into the app. We will generally pay amounts held in cash within 3 - 4 business days of receiving your request and around 10 business days for investments.The value of your investments may change between the date of your request and the date the sales are made.
Does Silo provide financial advice?
Silo does not offer financial advice. Silo is a discretionary investment service, meaning Killik & Co's team of investment professionals will make decisions on your behalf.
Are you part of the CTF Register?
Yes, Killik & Co and Silo are part of the CTF Register. You can read more on how this works here.
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