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Interactive Investor sets up wealth service

Investors will be able to check out their overall wealth with a new service from financial website Interactive Investor.

Interactive Investor says it is the first financial services website to offer people an overall picture of their total net worth.

The site will give investors the chance to see what shares other users are holding, make product comparisons and make decisions about a range of products.

The site will offer an adv-anced portfolio which gives users the opportunity to summarise their share holdings, funds and other assets such as property.

Users will be able to access debt information and can share information with other users about deals they have found.

Comparisons can be made on more than 4,000 products, including mortgages, credit cards, loans and savings accounts.

Interactive Investor chief executive Tomas Carruthers says: “This has been des-igned with feedback from our 1.4 million user comm-unity to serve the growing appetite for informed and ind-ependent personal wealth management.

“We want to provide people with a real picture about everything that affects their wealth portfolio.”

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