The story
Clubfinance was founded in 2002 by David Scrivens and Philip Rhoden, who ran the company from David's spare bedroom until the company moved into offices in 2005. Clubfinance diversified into providing financial modelling services until the modelling services were demerged into a separate company, Clubfinance Project Finance, in May 2012. In July 2012 the company launched its share dealing platform in conjunction with stockbroker James Brearley, targeted at investors that traded shares more than once a month.
After talks with competitor Intelligent Money in late 2012, Clubfinance was able to buy its direct to consumer client book, including assets under management of around £100m. In 2013 it also acquired the client book of Ivan Massow's Paymemy.com business, which was experiencing financial difficulty. Following the Retail Distribution Review, the company changed the charging structure of its share dealing service, making its annual percentage fee lower but the charge per trade higher.
Acquisition by Wealth Club
The company was acquired by Wealth Club Ltd on 9 January 2018. It operates as a fully owned subsidiary offering fund and share platforms, with the tax-efficient investment offering now consolidated under Wealth Club.
From Wikipedia’s article on Clubfinance, shared under CC BY-SA 4.0.3