Deal secures jobs

Alliance Trust Savings platform sold to Embark Group

Phil Smith Embark Group

Phil Smith: ‘perfect opportunity’

Interactive Investor, the UK retail investment platform, is selling the advised and partnership businesses of Dundee-based Alliance Trust Savings to Embark Group for an undisclosed amount.

The divestment will affirm Interactive Investor’s focus on serving the UK direct-to-consumer market.

The sale includes the transfer of all ATS staff and buildings, retaining skilled jobs in the city. The building will now be owned by Embark Group, and will become the company’s corporate headquarters. Platform technology provider FNZ will also take a space in the building. 

Businesses within the Embark Group have been operating for more than 40 years and trade under the brands Embark, Embark Pensions, Vested, Rowanmoor, EBS, The Adviser Centre, DISCUS and Hornbuckle.

Interactive Investor completed the acquisition of ATS from Alliance Trust in June this year, bringing together the UK’s 2nd and 7th largest retail investment platforms with combined assets under administration of £30 billion.

The company completed the migration of the ATS’ D2C customers onto the interactive investor platform on 14 October.

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