Alliance Trust Savings sold to Interactive Investor for £40m

Creates business with £35bn AUA

Tom Ellis
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“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" - ii's Richard Wilson
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“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" - ii's Richard Wilson

Adviser and direct-to-consumer platform Alliance Trust Savings (ATS) has been sold by parent Alliance Trust to Interactive Investor (ii) for £40m, creating a combined platform with £35bn of assets under administration.

The sale also includes Alliance Trust's office building in Dundee, where the platform is based. The trust, which has been headquartered in Dundee since 1888, will continue to be based in the city. The...

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