interactive investor completes acquisition of Alliance Trust Savings

Combined £36bn AUA

Julian Marr
“With the keys to the door, we can start to lay down plans" - ii's Richard Wilson

“With the keys to the door, we can start to lay down plans" - ii's Richard Wilson

Interactive Investor (ii) has completed its £40m acquisition of Alliance Trust Savings (ATS) from Alliance Trust, after receiving the necessary regulatory approvals.

The completion of the acquisition, which was first announced in October 2018 and included the Alliance Trust office building in Dundee, brings together the two largest fixed-price retail investment platforms with combined assets under administration (AUA) of £36bn and some 400,000 customers. Describing the completion of the acquisition as "an important milestone", ii chief executive Richard Wilson said: "This cements our position as the market challenger in the UK direct-to-consumer marketplace and adds essential scale to support the ongoing technology and talent investment needed to dri...

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