abrdn completes takeover of interactive investor

ii promises 'no changes' for customers

Wealth management firm abrdn has completed its takeover of platform interactive investor (ii), in a deal worth £1.5bn.

ii is the UK's second largest investment platform for private investors, with assets under administration of approximately £59bn and over 400,000 customers. The company will operate as a standalone business and independent brand within abrdn, but there will be "no change for any ii customers", it said. Richard Wilson will continue to lead ii under abrdn's ownership and the business will retain its own executive committee management team with a new board. The platform's rated products will still be collated and maintained by Morningstar's Manager Selection Services Group, overseen by i...