Alliance Trust Savings sold to Interactive Investor for £40m

Create platform with £35bn AUA

clock
Alliance Trust Savings sold to Interactive Investor for £40m
Image:

Alliance Trust Savings sold to Interactive Investor for £40m

Adviser and D2C platform Alliance Trust Savings has been sold by parent Alliance Trust to Interactive Investor (ii) for £40m, to create a combined platform with £35bn AUA.

The sale also includes Alliance Trust's office building in Dundee, where the platform is based. The trust, which has been headquartered in Dundee since 1888, will continue to be based in the City...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read
TPI “hopes this will put an end to AVI’s continued attempts to commandeer the apparatus of the company in pursuit of its own agenda, at the expense of all shareholders”.

Third Point Investors rejects 'disappointing' second call for EGM

Accuses AVI of attention-seeking

James Baxter-Derrington
clock 22 October 2021 • 2 min read
Gordon Grender steps down after 23 years

Brown Advisory trust names Stephen White as chair

Gordon Grender steps down after 23 years

clock 22 October 2021 • 1 min read