abrdn has introduced plans to accumulate 100 per cent of the UK’s main subscription-based funding platform interactive investor for £1.49 billion.
abrdn and interactive investor have a shared imaginative and prescient of the expansion and improvement of the wealth market and a dedication to being the client champion. This acquisition will considerably improve our presence and development alternatives inside a fast-growing and engaging market.
Stephen Chook, Chief Government Officer of abrdn plc commented: “It is a distinctive alternative and a transformative step in delivering our development technique. interactive investor is the UK’s primary subscription-based investing platform with a strong fame as a shopper champion. abrdn’s scale, sources, and shared imaginative and prescient will allow interactive investor to develop confidently and increase its management place within the UK’s engaging financial savings and wealth market. I’m delighted that Richard Wilson and his group will proceed to guide interactive investor.”
Richard Wilson, Chief Government Officer of interactive investor Restricted commented: “That is an thrilling new chapter in our historical past and implies that we are able to focus solely on serving those that matter most: our clients. We can have entry to abrdn’s further capabilities throughout analysis, recommendation and wealth administration companies, and we are going to profit from being a part of one in all Europe’s largest funding and wealth administration companies, with a imaginative and prescient and values intently aligned to our personal.
Our administration will stay the identical, and the identical extraordinary group will frequently develop our service and expertise, whereas sustaining our subscription pricing, our complete of market alternative and the identical campaigning spirit and editorial independence.”