2nd June 2017
As Chief Executive of Interactive Investor I am pleased to confirm that the purchase of TD Direct Investing is complete and TD Direct Investing is now operating under the ownership of Interactive Investor Limited.
I am delighted to welcome you to Interactive Investor, as we celebrate our 22nd year helping customers to invest with our award winning, great value services.
What does this mean for you?
You can log in and trade as normal – you will see references to Interactive Investor, but your platform remains the same.
We are committed to providing you with great information and value for money, through clear, fair pricing to help you to invest with confidence.
Later this year we will bring all customers together under the Interactive Investor group of companies on the same platform, combining the strengths of each service with some new enhancements.
I look forward to sharing more details about these improvements over the coming months and am confident you’ll like what we have to offer. In the meantime, thank you for continuing to invest with us and welcome to Interactive Investor.
CEO Interactive Investor
Who is Interactive Investor?
Interactive Investor, founded in 1995, provides a wide range of online share-dealing and investing services and owns a portfolio of investor publications, including Moneywise and Money Observer. They have recognised strengths in their technology based services, including market news and discussion forums and are committed to providing excellent customer service and great value for money.
Why has Interactive Investor bought TD Direct Investing?
Interactive Investor has a long history of providing investment information and online services and is one of the leading UK investment and trading websites. Combining their strengths with those of the TD Direct Investing business creates an opportunity to grow and develop services to help more customers make better informed investing decisions.
Will the TD Direct Investing name be changed to Interactive Investor?
Yes. From today you will see the Interactive Investor name and logo within the TD Direct Investing service and later this year we’ll bring all customers together under the Interactive Investor group of companies.
In the meantime the TD logo and TD Direct Investing name are being used by Interactive Investor under licence from The Toronto-Dominion Bank.
When did Interactive Investor buy TD Direct Investing?
Following receipt of all regulatory approvals, the acquisition completed on 2 June 2017.
What does this mean for my TD Direct Investing account or services?
There are no changes to your platform or the way you log in and trade. You can continue to manage your investments in exactly the same way. Over the coming months we will share details about changes and improvements to our services.
Are my assets safe?
TD Direct Investing remains regulated and authorised by the Financial Conduct Authority. There is no change to the way your cash and assets are protected. The cash and assets you hold in your TDDI account are administered on your behalf in line with our Terms of Service and FCA client money regulations, and are covered by the protected investment business scheme operated by the Financial Services Compensation Scheme (FSCS).
Will my rates and charges change?
There are no immediate changes being made to rates and charges.
Will my investing platform change?
There are no changes to your platform or the way you log in and trade. You can continue to manage your investments in exactly the same way.
Will there be any changes to customer service?
We’re committed to excellent customer service and will continue to improve your service through combining the experience and expertise of both businesses. Our customer services team is here to help you if you have queries.
Can I open a new account with TD Direct Investing?
Yes – we continue to welcome new customers and existing customers who want to open additional accounts.
I no longer want my account, can I close it?
If you want to close your account and transfer your assets you can do so. However, we hope you’ll want to stay with us as we’re confident that you’ll be happy with our enhanced service and new pricing approach.
I have a TD Savings account – what will happen to this?
Your TD Savings account is operated by TD Bank N.V. which remains a subsidiary of TD Bank Group. There are no immediate changes to the operation or Terms of your TD Bank N.V. Savings account as a result of the Interactive Investor purchase of TD Direct Investing.
I am pleased to announce that TD Bank Group has reached an agreement, subject to regulatory and other approvals, to sell TD Direct Investing (TDDI) to Interactive Investor – one of the UK’s leading providers of digital market information and investing services.
I would also like to reassure you that there will be no changes to your TD Direct Investing accounts and services in the near term – there is no action you need to take and you can continue to trade and invest with us as normal.
The enlarged Interactive Investor business will be a leading online investment platform in the UK which will remain firmly on the side of individual investors; helping them invest by providing efficient customer service, competitive and transparent charges and easy access to online investment services.
We expect the regulatory approvals and legal completion of this agreement to take several months and will inform you when this has happened.
In the meantime, thank you for continuing to invest with TD.
CEO, TD Direct Investing Europe