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...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till