Alliance Trust Savings sold to Interactive Investor for £40m

Create platform with £35bn AUA

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...