Member Article

Interactive Investor acquisition creates one of the UK's largest investment platforms

Interactive Investor Limited has announced it has completed the acquisition of Canadian multinational TD Bank Group’s European direct investing business (TDDI) for an undisclosed amount.

The acquisition, which was originally revealed back in October 2016, has finally received regulatory approval and creates the UK’s second largest investment platform according to Interactive Investor, with £21bn of assets under administration and more than 300,000 customer relationships.

TDDI is now operating under Interactive Investor, which has provided a platform for private investors since 1995, and the firm will now work to bringing customers on both platforms onto a single investing platform later this year.

Heading up the board of the newly enlarged company will be Chair Hugo Van Vredenburch with Richard Wilson operating as Chief Executive and Barry Bicknell a CFO.

Wilson hailed the acquisition in a statement where he said: “We are delighted that our acquisition of TDDI has received regulatory approval. We are in a strong position to deliver our enhanced product offering to all our customers – old and new - providing them with value added services at industry leading rates.

“We know that investors want great information and fair pricing to be able to make informed decisions, and our enlarged business will offer just that.

“The integration of our combined capabilities will create a significant and exciting market leader, serving our customers’ needs across platform, price and proposition.”