Wealth tech firm Tiller Group is exiting its direct-to-customer digital investing business, Tiller Investments, with all funds being returned to clients, thewealthnet can reveal.

Following a review of its entire business, encompassing wealth management and wealth tech services, the Sequential Ermitage Board (Tiller Group's parent) has decided to direct its entire focus on its wealth tech, 'software as a service' (SaaS) business, Tiller Technologies.

As a result, it has decided to exit its UK regulated business, Tiller Investments, which was a direct-to-client robo-advice style business.