The acquisition, financed by J.C. Flowers & Co. will create the UK’s second largest online broker, with over 300,000 customer relationships and assets under administration (AUA) of £18bn.
The TBA team is made up of partners Tom Allison and Ed Orlebar, account executive Alycia MacAskill and junior account executive Lucy Featherstone. TBA is providing the communications support as part of its retained brief with Interactive Investor.
Interactive Investor is an online investment platform that allows users to invest in UK and international main market equities, small companies via the AIM or collectives including investment trusts, funds and ETFs.
The TD Direct Investing transaction is subject to regulatory approval.