Aberdeen takeover of Interactive Investor

itm2

I actually lodged a complaint with the regulator regarding the inadequate notice period when AJ Bell hiked their charges (i.e. because of the inordinate length of time that transfers can take). I ended up getting a substantial refund of fees from AJ Bell as a consequence - it was worth the effort.

MX5huggy

itm2 said:

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

Don’t be silly it will be intrctvnvstr the first letter  is kept. 

Don’t see why you would move before the takeover happens, they might have a planned strategy of cutting fees to become the number one investor platform. 

granta

Deleted_User said:

I don't think brdn have a platform currently, so there may not be much disruption (no need to migrate anybody between platforms). You might just see more promotion of brdn's own fnds on the platform.

Intrct Invstr's strategy is surely to take over all the other fixed-fee platforms, so that they can increase their fixed fees. No obvious reason why this should change. (My main concern is that Lloyds might sell Halifax Share Dealing to them, because that would pretty much eliminate the competition among fixed-fee platforms.)

Thanks FeralHog, that's what I thought, I couldn't see any platform from Abdrn. I will just wait and see what happens, not expecting any big changes overnight.

I am concerned too that other fixed fee platforms will disappear, and that iweb will start charging an ongoing fee like most other providers and/or be bought up.

granta

itm2 said:

I actually lodged a complaint with the regulator regarding the inadequate notice period when AJ Bell hiked their charges (i.e. because of the inordinate length of time that transfers can take). I ended up getting a substantial refund of fees from AJ Bell as a consequence - it was worth the effort.

How much notice did they give out of interest?

itm2

granta said:

itm2 said:

I actually lodged a complaint with the regulator regarding the inadequate notice period when AJ Bell hiked their charges (i.e. because of the inordinate length of time that transfers can take). I ended up getting a substantial refund of fees from AJ Bell as a consequence - it was worth the effort.

How much notice did they give out of interest?

At the time their T&C's only required them to give 30 days notice of any increase in charges. I think they actually gave a little more, but it was still inadequate.

soulsaver

Mr Bird (Abrdn CEO) could incorporate II into the name.. so ABIrdIn...

eskbanker

soulsaver said:

Mr Bird (Abrdn CEO) could incorporate II into the name.. so ABIrdIn...

Can't let that pass without adding the famous quote:

Thrugelmir

With the growth in passive investing. There'll be too little other retail business for the platforms to offer ever lower pricing. Retail investors don't trade often enough to make sub £5 fees economic. 

dunstonh

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

Abrdn have two platforms and are a major player in the platform market.   "Wrap" is aimed at the wealth management firms and Elevate is aimed at general practitioner IFAs.   Both use FNZ software.    Elevate is better priced than Wrap with its default charge 0.25% for above £150k. (with tiering with larger amounts).

What Abrdn do not have is a DIY platform.

Money_Grabber13579

xylophone said:

Apologies for the unauthorised inclusion of vowels 

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

You mean nwk of course…