Monday, November 4, 2024

Fintel acquires threesixty in £14.6m deal

Huddersfield-based fintech and support services business Fintel has acquired threesixty from abrdn in a £14.6m deal.

threesixty serves 900 intermediary customers, providing regulatory and business services to leading IFAs and wealth managers.

It will join SimplyBiz, Compliance First, and SIFA in offering compliance and business support to intermediaries as part of Fintel, which also houses industry brands including Defaqto, VouchedFor, Competent Adviser, AKG, MICAP, Owen James, ifaDASH, and Synaptic.

Neil Stevens, Joint CEO of Fintel, said: “I’m delighted to welcome the very talented team and prestigious client base of threesixty to Fintel, and we are committed to upholding and helping to further build upon its strong brand and quality services.

“threesixty’s leadership team is fully supportive of the acquisition and will remain with us to see it grow and develop moving forward, as will all existing teams within the business.

“We are confident we can further enhance services for threesixty clients with joint investment in technology and will explore opportunities to make the benefits of our wider technology and data platform available over time. We will work with Russell and his team on the most effective approach to delivering these services to clients moving forward.

“Fintel remains committed to offering as much choice as possible to advisers and will continue to run threesixty as an independent business with its own offerings and pricing in the market, alongside our existing businesses.

“With a shared commitment to promoting the value of professional financial advice, we believe this deal will further expand the choice of quality services in this vital sector.”

Russell Facer, threesixty CEO, added: “The threesixty brand and offering is a premier choice for professional advisers. We have a talented team that is passionate about looking after our clients and their regulatory and business support needs.

“We are delighted to join Fintel, a business which shares our vision and values and one that we have known for many years. We are also able to offer the strongest commitment to our clients and our teams that the threesixty brand and independent offerings will remain in place to continue to provide genuine choice for adviser firms.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news