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Screenshot of a breaking news alert e-mail from Q2 2017
There is more news on the mergers and acquisitions front, as leading online trading services provider IG Group Holdings plc (LON:IGG) today announced the completion of the acquisition of InvestYourWay.
InvestYourWay is a discretionary investment management service that enables creation of various solutions tailored to clients’ needs.
We had reported about a year ago that IG was partnering with InvestYourWay to offer personalized funds and investment vehicles to IG clients.
The acquisition of InvestYourWay is a part of IG’s wider strategic plans to expand its product offering. This will help IG in delivering on the partnership with BlackRock, Inc. (NYSE:BLK), announced in July this year. The partnership focuses on bolstering IG’s offering via the addition of a range of ETF-based investment portfolios.
The technology developed by InvestYourWay will be vital to the delivery of the ETF-based investment portfolios.
Michael Newell, Founder and CEO of InvestYourWay, will be joining IG to drive forward its investments offering.
Ian Peacock, Head of IG UK, commented:
We’re delighted to have acquired such an innovative business as InvestYourWay and look forward to working alongside Michael in his new role at IG. We believe that by combining InvestYourWay’s innovative technology and IG’s world class platform and development expertise we’ll be able to build a truly best in class offering in the investments space in partnership with BlackRock.
The official announcement from IG can be viewed by clicking here.