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Bullshare
- 21 Sep 2016 06:29
I pose the question!
Stan
- 22 Sep 2016 11:41
- 2 of 7
No idea B/S, but maybe an email to each Company separately and then analyse both of their responses?
Bullshare
- 28 Sep 2016 12:09
- 3 of 7
I think its on the cards
Stan
- 28 Sep 2016 13:15
- 4 of 7
I binned TDW years ago as my broker as their system was useless at that time, but I look at 111 now and again and find them pretty good and stable over the years even though they themselves have been taken over or merged in that time. I wait with interest.
VICTIM - 13 Oct 2016 08:47 - 5 of 7
TDII has announced that III are taking them over in the next couple of months .
VICTIM - 13 Oct 2016 08:49 - 6 of 7
TDW are to continue in banking in America .
Bullshare
- 13 Oct 2016 11:50
- 7 of 7
October 12 2016
Interactive Investor is delighted to announce that it has agreed to buy TD Direct Investing (TDDI), TD Bank Group's European investing business, subject to regulatory approval.
There will be no immediate change for customers of either company and no action is required at this time. Interactive Investor's commitment to providing great customer service and low cost, transparent charges remains.
The combined business will build on Interactive Investor's heritage as a low-cost broker and TDDI's reputation as a leading online investment provider.
It will create the UK's second largest online retail stock broker and we anticipate that both Interactive Investor and TDDI customers will enjoy the benefits of a business with significant scale, low charges, international reach and the financial strength to invest in leading technology, products and services.
We would like to thank customers for their continued support. We are very excited about the benefits this deal will deliver.
Adam Seale, CEO
Interactive Investor
Questions and Answers
Q. How long will the deal take to be approved?
A. Regulatory approval typically takes a number of months, so it is likely to be early 2017.
Q. What impact will the deal have on II customers?
A. There will be no immediate change for customers of either company and you do not need to take any action.
Q. Are you going to make any changes to II's pricing?
A. We believe in the benefits of low-cost transparent charges and have no plans to change our pricing.
Q. Will there be any changes to customer service?
A. Our current TrustPilot review score of 8.2 demonstrates our commitment to excellent customer service and we intend to continue to provide a first-rate service going forward. Indeed, we hope that the combined, larger company will be able to benefit from the expertise of both organisations, enhancing both products and services in the long term.
Q. What if I have accounts with both TD Direct and Interactive Investor?
A. TD Direct customers will have received separate notification about the deal. For now there is no change for customers of either company. Following regulatory approval, then we will be in touch with further details.
Q. How is the deal being financed?
A. Interactive Investor's purchase of TDDI will be financed through an investment from J.C. Flowers & Co, who will own a majority stake in the combined company.
Q. Who are J.C.Flowers & Co?
A. J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has invested more than $15 billion of capital in 46 portfolio companies in 16 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management. With approximately $6 billion of assets under management, J.C. Flowers has offices in New York and London.
Q. What expectations of growth do you have for the combined business?
A. We are confident that the whole will be greater than the sum of its parts, and provide customers with a great service, and we expect to grow strongly as a result of this combination. The low interest rate environment makes it even more important for investors to be aware of how much they are paying and we believe that our proposition is a very compelling one.
Q. What if I have further questions?
A. Please write to us via secure message and we will respond. We will also update this page with any frequently asked questions and answers.
View our press release
Interactive Investor is delighted to announce that it has agreed to buy TD Direct Investing (TDDI), TD Bank Group's European investing business, subject to regulatory approval.
There will be no immediate change for customers of either company and no action is required at this time. Interactive Investor's commitment to providing great customer service and low cost, transparent charges remains.
The combined business will build on Interactive Investor's heritage as a low-cost broker and TDDI's reputation as a leading online investment provider.
It will create the UK's second largest online retail stock broker and we anticipate that both Interactive Investor and TDDI customers will enjoy the benefits of a business with significant scale, low charges, international reach and the financial strength to invest in leading technology, products and services.
We would like to thank customers for their continued support. We are very excited about the benefits this deal will deliver.
Adam Seale, CEO
Interactive Investor
Questions and Answers
Q. How long will the deal take to be approved?
A. Regulatory approval typically takes a number of months, so it is likely to be early 2017.
Q. What impact will the deal have on II customers?
A. There will be no immediate change for customers of either company and you do not need to take any action.
Q. Are you going to make any changes to II's pricing?
A. We believe in the benefits of low-cost transparent charges and have no plans to change our pricing.
Q. Will there be any changes to customer service?
A. Our current TrustPilot review score of 8.2 demonstrates our commitment to excellent customer service and we intend to continue to provide a first-rate service going forward. Indeed, we hope that the combined, larger company will be able to benefit from the expertise of both organisations, enhancing both products and services in the long term.
Q. What if I have accounts with both TD Direct and Interactive Investor?
A. TD Direct customers will have received separate notification about the deal. For now there is no change for customers of either company. Following regulatory approval, then we will be in touch with further details.
Q. How is the deal being financed?
A. Interactive Investor's purchase of TDDI will be financed through an investment from J.C. Flowers & Co, who will own a majority stake in the combined company.
Q. Who are J.C.Flowers & Co?
A. J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has invested more than $15 billion of capital in 46 portfolio companies in 16 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management. With approximately $6 billion of assets under management, J.C. Flowers has offices in New York and London.
Q. What expectations of growth do you have for the combined business?
A. We are confident that the whole will be greater than the sum of its parts, and provide customers with a great service, and we expect to grow strongly as a result of this combination. The low interest rate environment makes it even more important for investors to be aware of how much they are paying and we believe that our proposition is a very compelling one.
Q. What if I have further questions?
A. Please write to us via secure message and we will respond. We will also update this page with any frequently asked questions and answers.
View our press release
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