July 12, 2014 12:06 PM ET

Capital Markets

Company Overview of Investment Funds Direct Limited

Company Overview

Investment Funds Direct Limited, trading as Fundsdirect, provides an online fund supermarket that offers investors the opportunity to purchase funds from fund management companies. It offers investors a comprehensive research centre containing detailed fund information, consolidated portfolio valuation services, in-depth portfolio analysis tools, the ability to compare groups of funds, and regularly updated fund information. The company was founded in 1982 and is based in Bath, United Kingdom.

Trimbridge House

Trim Street

Bath,  BA1 1HB

United Kingdom

Founded in 1982

Phone:

44 8456 005 361

Key Executives for Investment Funds Direct Limited

Executive Managing Director
Executive Finance Director
Executive Operations Director
Sales & Marketing Director
Compensation as of Fiscal Year 2014.

Investment Funds Direct Limited Key Developments

IFDL Calls Off Fundsdirect Sale

Investment Funds Direct Limited( IFDL) has called off the sale of its direct-to-consumer platform Fundsdirect after bidders failed to reach the firm's asking price. Hugo Thorman, Managing Director of IFDL, said the company had made the decision to keep the business as it had not received an offer which matched its valuation of the platform. "We felt the offers didn't reach a reasonable figure for the value of the income stream," he said. "We had many offers from a wide range of places who wanted to get into the direct to consumer market, including advisory firms, providers and other platforms. We're not negotiating with anyone anymore and [we are] keeping it unless someone comes up with a super price."

IFDL Puts Its Platform Fundsdirect Up For Sale

Investment Funds Direct Limited (IFDL) has put its direct to consumer platform Fundsdirect up for sale. IFDL said it had put the business up for sale because it does not see execution-only services as core to its ongoing business strategy. Hugo Thorman, Managing Director of IFDL, said: 'Fundsdirect participates in the market which is expected to benefit hugely from the retail distribution review but it is ultimately at odds with our ongoing strategy which is to focus on intermediaries. Obviously we would expect to continue to administer the assets and products for the new owner.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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