28 June 2024
Fintel plc
("Fintel",
the "Company" or the "Group")
Conditional acquisition of
threesixty
Fintel (AIM: FNTL), the leading
provider of fintech and support services to the UK retail financial
services sector, today announced that it has conditionally agreed
to acquire Threesixty Services Limited
("threesixty"), provider of compliance and
business support services to over 900 leading Independent Financial
Adviser and Wealth Manager firms from abrdn plc.
Neil Stevens,
Joint CEO of Fintel, commented:
"We believe that Fintel is the natural home for
the threesixty team and clients. We have been committed to
supporting professional advice firms for over 20 years, and our
group aims to operate the strongest independent brands and most
prestigious services, software and data offerings in the
market."
ENDS
For
further information, please contact:
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Fintel plc
Matt Timmins (Joint Chief Executive Officer)
Neil Stevens (Joint Chief Executive Officer)
David Thompson (Chief Financial Officer)
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via MHP Group
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|
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MHP Group
(Financial PR)
Reg Hoare
Robert Collett-Creedy
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+44 (0)7736 464749
Fintel@mhpgroup.com
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Notes to
Editors
Fintel is the UK's leading fintech and support
services business, combining the largest provider of intermediary
business support, SimplyBiz, and the leading research, ratings and
Fintech business, Defaqto.
Fintel provides technology, compliance and regulatory
support to thousands of intermediary businesses, data and targeted
distribution services to hundreds of product providers and empowers
millions of consumers to make better informed financial decisions.
We serve our customers through three core divisions:
The Intermediary Services division provides
technology, compliance, and regulatory support to thousands of
intermediary businesses through a comprehensive membership model.
Members include directly authorised IFAs, Wealth Managers and
Mortgage Brokers.
The Distribution Channels division delivers market
Insight and analysis and targeted distribution strategies to
financial institutions and product providers. Clients include major
Life and Pension companies, Investment Houses, Banks, and Building
Societies.
The Fintech and Research division (Defaqto) provides
market leading software, financial information and product research
to product providers and intermediaries. Defaqto also provides
product ratings (Star Ratings) on thousands of financial products.
Financial products are expertly reviewed by the Defaqto research
team and are compared and rated based on their underlying features
and benefits. Defaqto ratings help consumers compare and buy
financial products with confidence.
For more information about Fintel, please visit the
website:
www.wearefintel.com