Alliance Trust Savings completes Stocktrade acquisition

The platform’s total assets under administration now stand at £11.5 billion across over 100,000 customer accounts, substantially increasing the scale of the business.

Adding to Alliance Trust Savings’ established direct and intermediary channels, Stocktrade also brings a strategic partnership channel with established relationships and existing management capability, enabling ATS to expand its distribution capability.

This includes pension providers, company share schemes and corporate ISAs.

Patrick Mill, chief executive, Alliance Trust Savings,said: “The acquisition of Stocktrade demonstrates our ambitious growth strategy, substantially increasing our customer numbers, assets under management and adding a strategic partnership capability.

“The final transition went smoothly over the weekend and we are delighted to have completed the acquisition as planned. Our strategy remains to grow the business organically, while remaining open to appropriate acquisition opportunities as we continue to enhance the offering for our entire customer base.”