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Investment Clubs

GMInvClub
Posts: 1 Newbie
Hi Guys,
We are a bunch of 10 retired guys who meet monthly and run a small investment club in our village. Our current broker (Interactive Investor) have advised they are removing the service for clubs. We've looked at other brokers who have some legacy clubs, but none so far are taking on new or transferred clubs. Does anyone have suggestions as it seems this may be the end of the club. It's not about the money here, but we really enjoy meeting and discussing our current and potential portfolio investments.
Appreciate any help, thanks.
We are a bunch of 10 retired guys who meet monthly and run a small investment club in our village. Our current broker (Interactive Investor) have advised they are removing the service for clubs. We've looked at other brokers who have some legacy clubs, but none so far are taking on new or transferred clubs. Does anyone have suggestions as it seems this may be the end of the club. It's not about the money here, but we really enjoy meeting and discussing our current and potential portfolio investments.
Appreciate any help, thanks.
1
Comments
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There is a recent thread (just above this one at present) discussing this very issue that you might want to read1
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I/we are in similar situation with our 25 year old club. Our account was transferred from Share Centre to ii on the takeover
I have written to ii saying I hold my personal account(s) with them partly because of carry over from Club account.
Have threatened to close my account(s) and also sell my Abrdn shares as if this is Abrdn policy (they own ii) then I want nothing more do do with them!
Doubt if this will have any effect but it made me feel better!
As a thought if enough account holders threatened closure would they reconsider?
It is one thing to stop opening new accounts but surely reactionary to close current ones
One platform I approached blamed ALM & regulatory measures for not accepting new accounts.
Surely something with system in this country?0
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