Industry reaction: abrdn and interactive investor deal 'a bold move'

The industry has reacted positively to the acquisition, which has been in the making since November

clock • 4 min read

The move by abrdn to acquire subscription-only investment platform, interactive investor, has been dubbed a "bold move" by the industry.

The deal will see abrdn acquire 100% of the platform, including the majority stake currently held by JC Flowers IV LLP.  "It is an interesting move by abrdn, especially as they recently sold one of their other platforms, Parmenion, though obviously that was in the adviser space," said Ben Yearsley, director at Fairview Investing. "All fund groups want distribution for their products, this is one route - it will be interesting to see how open architecture the platform remains though." He added: "Fidelity have done it reasonably successfully with FundsNetwork and there is not an overt p...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Trustpilot