Interactive Investor is adding yet more customers to its burgeoning investment platform. This was the case for former ATS customers, who were moved onto II's flat fee of £9.99 per month following its acquisition. Interactive Investor has great fund but average stock and ETF offers. Though II have yet to confirm this, it is likely that The Share Centre customers will see a change to their fees. We do not write articles to promote products. Scottish Mortgage's Tom Slater on how the growth star investments, 'It's a vast area of change': We meet a food fund manager. You may lose more than your initial investment. That helps us fund This Is Money, and keep it free to use. Interactive Investor to acquire Share plc, BLOG: The outlook for financial markets in 2021, AJ Bell shakes up pension and investment charges, Loyalty penalty and rip off exit fees remain as watchdog drops market probe, Pension contributions rose during lockdown, Pound and stock markets in turmoil as Europe closes borders to UK, BLOG: The red flags investors should watch out for in closed-end funds, Everything you need to know about being furloughed. We used to have three flat fee brokers and now Interactive Investor has … The second option, the 'Funds Fan' plan, costs £13.99 per month but boasts a reduced trading fee of £3.99 plus two free fund or investment trust trades a month. The deal for Interactive Investor to acquire Share plc was announced in February and was subject to shareholder, regulatory and legal approvals. How to invest to beat inflation: A global fund manager's tips. It allows investors to hold funds, investment trusts, shares, ETFs and corporate bonds, for a flat monthly fee of £5 - so £60 per year. Many San Diego small businesses seek out investors to help start the business, but there is often some confusion about what role the investor plays and what rights the investor has. Having permanently scrapped exit fees two years ago and moved to a modern monthly subscription fee last year, where customers can choose the best price plan for them, in January we were also the first major platform to make regular investing completely free. How to invest in the new era of falling interest rates, How to profit from green energy, reducing waste and boosting recycling, How to get a near 6% yield by tapping into Asia's dividends: Henderson Far East Income's manager, The UK is cheap and shares could bounce back: Fund managers' tips on picking funds and trusts, How to find the best British companies to invest in and not worry about Brexit. Interactive Investor review. Interactive Investor gets takeover offer Interactive Investor International, the online personal finance company, has said it is in talks with a potential buyer. LinkedIn returned 1,218.75% for early investors. Here’s a winners list with some of the most popular and successful IPO’s to date. Trading on margin is only for sophisticated investors with high risk tolerance. Mike Barrett, consulting director at The Lang Cat, said as there is a precedent, he expects this merger to follow the same path. II Group now boasts over £30billion of assets under administration, over 300,000 customers and more than one million users, while The Share Centre has £5.3billion assets under administration and over 300,000 accounts. 'Nobody likes change – and so the challenge is for II to convince people to stay and not to shop around. Will the UK election result boost or sink the stock market? Interactive Investor is an award-winning comprehensive online investment platform with around 300,000 customers. It is the UK's biggest flat-fee investment platform, with £36 billion of assets under administration, over 300,000 customers and more than one million users. Just curious. Over time, the ownership will change to II, meaning from a technical point of view, The Share Centre customers will eventually move to a different system. 'When the Alliance Trust Savings customers were migrated into the II service last year we heard some grumbles about the service and website from these customers. An announcement confirmed Interactive Investor is buying rival The Share Centre for £62million. Thank you. For II customers, there is likely to be very little impact, if any, and for The Share Centre customers, it should be business as usual in the short term. Are 'cheap' bank shares an opportunity to profit or a value trap? It provides financial information, as well as investment tools. The first option, dubbed the 'Investor' plan, levies a monthly subscription charge of £9.99 on top of £7.99 per trade for UK shares, ETF, investment funds and trusts, with one free trade per month. Are their fees good? Given that those customers who choose a fixed fee model tend to do so very purposefully, I should think most people will stay with them for that reason.'. We need to keep creating better and better content and services, underpinned by the same monthly subscription.”, Gavin Oldham, executive chairman of Share plc, said: “We are delighted that  customers of The Share Centre will benefit from the combined strengths of both businesses, further enhancing the high-quality customer service The Share Centre has prided itself on for many years. But what does the Share Centre deal mean for that platform's investors and will consolidation bring better services and keener prices for all? Their shares will be in the unlisted Interactive Investor (II) company, which it said was unlikely to list on any stock exchange within the next 12 months. Interactive Investor, the UK’s second-biggest consumer investment platform, is set to acquire The Share Centre, a competitor, in a deal that would boost its assets under management to £36bn. interactive investor Interactive investor start offering bitcoin trading last week Fidelity Investments. The combined business would be worth £675million. About interactive investor Like The Share Centre, ii offers an award-winning investment service, designed to help you take control of your financial future. Open an online trading account today. Options involve risk and are not suitable for all investors. 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Try this eight-question test and find out the answer, Bitcoin on track for its longest monthly winning streak in more than a year as price edges closer to $30,000. She added though this means II will jump ahead of other rivals in terms of size, it is still relatively small compared to the dominant Hargreaves Lansdown. Interactive Investor said the merger was needed to 'sustain the level of profitability' needed to keep investing in the platform's technology amid rising competition and that there is a 'strong strategic rationale for consolidation among compatible groups'. It said The Share Centre’s customers will benefit from II’s scale and allow customers a greater choice of shares and funds, with direct trading on 17 global exchanges. Six bad driving habits that could cost you a fortune: From leaning on the gear stick to coasting, we reveal the average associated repair bill, Want to follow in the footsteps of Sarah Beeny? We take a look. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority. You have successfully signed up to our email alerts. William Turvill. If you click on them we may earn a small commission. 'Their focus on trading functionality, wide investment range (ETFs, equities) and keen pricing makes them attractive to more experienced investors, whereas Hargreaves Lansdown's typical customers tend to invest and hold funds. Interactive Investor takeover of The Share Centre: Did any folks previously investing through The Share Centre decide not to move to Interactive Investor, and the reasons why ?. Interactive Investor said the merger was needed to 'sustai… Share Plc (LON:SHRE) have agreed a £62 million takeover deal with Interactive Investor, as was confirmed this morning. Britain's Most Expensive Houses follows a millionaire first-time buyer and Londoner escaping the city, Catalytic converter car crime wave is spreading: It's already prevalent in London - but criminals are broadening target areas to other towns and cities, Cost of car insurance at lowest winter level for five years thanks to fewer claims as Britons travel less during pandemic, From the rise of QR codes to the fall of physical cash: How the pandemic shifted the way we pay and what it means for the future of payments, I've got a £1m-plus pension at 48: Is it worth paying in more now I've hit lifetime allowance limit? One less competitor in the marketplace would not normally indicate competition will increase, but the new combined Interactive Investor and Share Centre business will have more muscle and that could be good news. We share impartial, expert intelligence from our specialists in our podcasts. 'Ultimately it is about which service is right for you. 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