Aberdeen takeover of Interactive Investor

itm2

This doesn't look like good news for investors:
https://www.ft.com/content/73500241-1768-4a13-8323-fe94a0f04d7e
I expect I'm not alone in fearing for the future of II's current fee structures. Having already ditched Hargreaves Lansdown and AJ Bell in the last 10 years for their fee hikes I hope I won't shortly be facing the prospect of doing the same with II.

p00hsticks

Getting fed up with the takeovers in this sector - I've only just been moved to ii from Eqi, having previously been moved from Selftrade, previously comDirect.....

molerat

You mean Abrdn ............

itm2

molerat said:

You mean Abrdn ............

Yes of course. Apologies for the unauthorised inclusion of vowels

xylophone

Apologies for the unauthorised inclusion of vowels 

Perhaps vowels are now considered "unwoke".....

marlot

itm2 said:

molerat said:

You mean Abrdn ............

Yes of course. Apologies for the unauthorised inclusion of vowels

I wonder what do they can call ii after they've removed its vowels?

itm2

marlot said:

itm2 said:

molerat said:

You mean Abrdn ............

Yes of course. Apologies for the unauthorised inclusion of vowels

I wonder what do they can call ii after they've removed its vowels?

ntrctvnvstr of course. Rolls off the tongue

The_Green_Hornet

For non-FT subscribers.

https://news.sky.com/story/abrdn-in-1-5bn-talks-to-buy-diy-stock-picker-interactive-investor-12461582

[Deleted User]

Hi,

oh dear, good or bad for folks with II.

Remember when I switched from HL to II, transfer took ages, it was a mess for months.

Albermarle

a deal that will hand it control of one of Britain’s three big DIY stock-picking platforms.
II has more than 400,000 personal investing clients, positioning it behind only Hargreaves Lansdown by customer numbers in the UK market.

Quote from the Sky link .

I wonder who they think the third biggest is ?

Maybe Fidelity , after they bought the L& G retail customer book ? In fact it was said that the 300,000 clients from L&G would at least double the client base , which would indicate they have more customers than II anyway. 

Or AJ Bell keep growing ?

Or Vanguard must have a good market share by now ?

granta

itm2 said:

This doesn't look like good news for investors:
https://www.ft.com/content/73500241-1768-4a13-8323-fe94a0f04d7e
I expect I'm not alone in fearing for the future of II's current fee structures. Having already ditched Hargreaves Lansdown and AJ Bell in the last 10 years for their fee hikes I hope I won't shortly be facing the prospect of doing the same with II.

Do Abrdn offer a retail investor platform and what are their charges?

Losing the flat fee structure would be bad as there are few credible alternatives. I'm hoping we would get at least 6 months at the current fee structure before any changes. Had been thinking of moving to iweb anyway so might get the ball rolling on that given the long lead times for transfers...