Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

abrdn in near-£1.5bn swoop for Interactive Investor

Scottish financial services giant abrdn has unveiled plans to acquire subscription-based investment platform Interactive Investor for £1.49 billion.

Edinburgh-based abrdn – formerly Standard Life Aberdeen – said the move would “significantly enhance” its presence and growth opportunities in a fast-growing and attractive market.

Chief executive Stephen Bird 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.

Stephen Bird, chief executive, abrdn.

Interactive Investor CEO Richard Wilson will continue to lead the online business after its takeover.

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

“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.”

This is a unique opportunity and a transformative step in delivering our growth strategy.”

Stephen Bird, chief executive, abrdn.

Interactive Investor boasts more than 400,000 customers and assets under administration worth around £55bn.

For a flat monthly fee the service provides a secure home for pensions, individual savings accounts and a wide range of other investments.

It also offers a wide choice of more than 40,000 UK and international investment options, including shares, funds, trusts and exchange-traded funds.

Flotation plan scuppered

Abrdn has agreed to acquire 100% of the ordinary shares from investors including the JC Flowers IV fund and key members of Interactive Investor’s management.

Completion of the deal, which is to be funded in cash from abrdn’s capital resources, is subject to regulatory consents and shareholder approval.

The proposed takeover will end Interactive Investor’s plans to float on the stock market.


Stephen Bird: We’ll build on our Granite City legacy


Shares in abrdn rose more than 3.2% on  November 8 after it confirmed talks to potentially acquire Interactive Investor.

At market close today (December 2), the stock was down by nearly 4% at £2.30.

The move comes hot on the heels of abrdn acquiring subscription-based investment platform Finimize – boasting more than one million subscribers to its daily newsletter – for an undisclosed sum.

Earlier this year, SLA sold financial advice platform Parmenion to private equity firm Preservation Capital Partners in a £102 million deal.