IG Group Acquires Personalized Investment Manager InvestYourWay

One of the biggest retail brokers in the UK, IG Group (LON:IGG), has announced that the company made an Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term that complements its investment management portfolio. InvestYourWay is a firm that has been working on creating individually tailored solutions for retail clients investing in the space. IG Group acquired InvestYourWay for an undisclosed sum.

As part of the deal, the Founder and CEO of InvestYourWay, Michael Newell, will join IG Group to develop the broker’s investments offering.

Commenting on the announcement, the Head of IG UK, Ian Peacock, said, “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.”

Unlike with conventional investment managers who are frequently limited in their choices in which funds they can invest, InvestYourWay diversifies the options for clients. In fact, every client is presented with a fund tailored to his/her preference.

In order to ascertain the performance of the variety of funds on offer, the company is creating statistics by aggregating the performance of all of its funds each individually tailored to the client's preference. The average performance of all the funds combined into a single index including performance fees is about 5.7 percent.

IG Group’s move has a strategic direction after the announcement of a partnership with BlackRock in July. The technology which was developed by InvestYourWay will become the backbone of IG’s plan to deliver ETF-based investment portfolios.