You are here: Home - Uncategorized -

Wealth manager Abrdn to buy Interactive Investor for £1.49bn

Interactive investor is to be acquired by investment and wealth manager Abrdn for £1.49bn.


Abrdn will acquire 100% of the ordinary share capital of the holding company of Interactive Investors including stock held by majority shareholder JC Flowers IV L.P, a fund advised by JC Flowers.

Completion of the transaction, which is subject to regulatory approval, is earmarked for the second quarter of 2022.

Interactive Investor says the acquisition is a milestone that will drive its next phase of growth. The investment platform currently has almost £55bn of assets under administration and 400,000 customers. The firm will continue to operate as a standalone business and independent brand from Abrdn with chief executive Richard Wilson remaining at the helm.

“This is an exciting new chapter in our history and means that we can focus exclusively on serving those who matter most: our customers,” said Wilson.

“We will have access to Abrdn’s additional capabilities across research, advice and wealth management services, and we will benefit from being part of one of Europe’s largest investment and wealth management firms, with a vision and values closely aligned to our own.

“Our management will remain the same, and the same extraordinary team will continually develop our service and technology, while maintaining our subscription pricing, our whole of market choice and the same campaigning spirit and editorial independence.”

Stephen Bird, chief executive officer of Abrdn, added: “This is a unique opportunity and a transformative step in delivering our growth strategy. Interactive investor is the UK’s number one subscription-based investing platform with a powerful reputation as a consumer champion. Abrdn’s scale, resources and shared vision will enable interactive investor to grow confidently and expand its leadership position in the UK’s attractive savings and wealth market.

“I’m delighted that Richard and his team will continue to lead interactive investor.”

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week