Interactive Investor agrees to buy Alliance Trust Savings
Interactive Investor (ii), the UK’s second largest investment platform, has agreed to acquire Alliance Trust Savings (ATS). The transaction brings together the two largest fixed price retail investment platforms.
ii is committed to championing informed investment choice and value for its customers. In an increasing technology and data-driven environment, the increased scale will support the sustained investment in technology and talent necessary to provide the best customer experience and service in the sector.
The deal will be subject to regulatory approval. At this stage there will be no changes for customers of ii or ATS and we will keep you informed at every stage.
In the meantime, we are delighted to welcome ATS customers to our site and invite you to register for our free research account.
Richard Wilson, CEO of ii says:
“This is another important step in our ambition to build the UK's best investment platform. The acquisition brings together the country's two largest fixed price providers, adding significant scale to ii, and reinforcing our ability to deliver excellent choice, value and service to all our customers.”