interactive investor completes acquisition of Share plc

It is now over 3 months since interactive investor started operating remotely, with over 90% of the team working from home since that time.  

Richard Wilson, Chief Executive Officer of interactive investor, says: “I am very pleased to welcome The Share Centre to interactive investor, further strengthening the voice for flat fees. With our firms’ shared values and combined strengths, we will continue to invest in award-winning content and services for our enlarged customer base, all for a simple flat fee. 

“We want to do as much as we can to make investing simple so more people can take control of their financial future. Having permanently scrapped exit fees 2 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. In addition, in the past year we launched the ACE 30, the UK’s first rated list of ethical investments. We need to keep creating better and better content and services, underpinned by the same monthly subscription.”  

Gavin Oldham OBE, Executive Chairman of Share plc says: “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. Having spent time with the ii business in the lead up to today, it’s clear the two businesses are highly complementary and I am pleased that customers of The Share Centre will benefit from ii’s similar low flat-fee structure, as well as its increased scale and focus. “We share a common culture of supporting savers and investors in reaching their financial goals through individual share ownership and personal investment across the United Kingdom, and I look forward to encouraging a more egalitarian and participative form of democratic capitalism as a board member of the combined business.” 

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