Broker for Investment Club following demise of TimeToTrade

[cat4000]

Hi, is anyone aware of any brokers that are accepting applications from Investment Clubs? I am a member of an Investment Club whose broker (TimeToTrade) is shutting down its stockbroking services, so we need to find a new broker. However I cannot find a broker that is taking on new Investment Club accounts; iDealing purports to do so on their website but they've responded to us saying they're not taking on new Investment Club business. If we can't find a new broker we will have to shut down the club. It seems most unlikely that we were the only Club using TimeToTrade; are there other clubs in this situation? How are you dealing with it? I'd be grateful for any knowledge / experience you can share.

[JerryF]

We're in the same boat. No obvious alternatives other than a Trading account in the name of an individual member plus a separate community account. I posted a response on the Proshare website suggesting we ask TtT to facilitate impacted investment clubs getting together to see whether collectively we can come up with a solution

JerryF