TIDMFNTL
Fintel PLC
13 October 2022
13 October 2022
Fintel plc
("Fintel", the "Company", the "Group" or the "Business")
Fintel expands strategic partnership with Schroders
Fintel (AIM: FNTL), the leading provider of Fintech and support
services to the UK retail financial services sector, announces a
key expansion to its strategic distribution partnership with
Schroders.
The expanded partnership will see Schroders join Fintel's Risk
Controlled investment solution, ensuring that its multi-asset
funds, the Schroder Blended Portfolios, become central to the
investment range developed by Fintel for the thousands of advisers
who use its Fintech.
Delivered by SimplyBiz and Defaqto, Fintel's leading brands, the
Risk Controlled investment range is designed to improve both
adviser efficiency and consumer outcomes, enabling product
manufacturers to cater to consumer preferences and risk profiles by
optimally aligning investment solutions to the advice and research
processes powered by Defaqto.
This streamlines the advice process whilst ensuring that
advisers have a range of funds to choose from that they know will
continue to be managed in line with the investment strategies they
have designed for their clients.
The latest partnership builds on the Managed Distribution
agreement that Schroders already has in place with Fintel, and
follows Fidelity and Aviva, who have also further aligned their
distribution strategies to partner with Fintel.
Introduced in early 2021, Fintel's Managed Distribution Service
(DaaS) is a subscription-based service that includes research,
data, product design and distribution services that enable product
providers to develop, iterate and target tailored propositions.
Matt Timmins, Joint CEO of Fintel, commented:
"Schroders and Fintel have worked closely together for a number
of years and I am delighted that they have chosen to further
strengthen this relationship by joining our Risk Controlled range.
Fintel exists to help the market operate more effectively and with
the continued success of the Managed Distribution and Risk
Controlled we continue to deliver the technology and insight led
solutions the industry needs to ensure better consumer outcomes. I
look forward to seeing the benefits for all involved as we continue
to inspire better outcomes in Retail Financial Services."
ENDS
For further information, please contact:
Fintel plc
via Instinctif Partners
Matt Timmins (Joint Chief Executive Officer)
Neil Stevens (Joint Chief Executive Officer)
David Thompson (Chief Financial Officer)
Instinctif Partners (Financial PR) +44 (0) 20 7866 7887
Guy Scarborough fintel@instinctif.com
Joe Quinlan
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 &
analysis and targeted distribution strategies to financial
institutions and product providers. Clients include major Life
& 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
& benefits. Defaqto ratings help consumers compare and buy
financial products with confidence.
For more information about Fintel, please visit the website:
www.wearefintel.com
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END
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