Business
Conditional acquisition of threesixty
Conditional acquisition of threesixty.
About this update from Fintel Plc
[{"type":"text","content":"\n\n28 June 2024\nFintel plc\n \n(\"Fintel\", the \"Company\" or the \"Group\")\n \nConditional acquisition of threesixty\n \n \nFintel (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.\n \n \nNeil Stevens, Joint CEO of Fintel, commented:\n \n\"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.\"\n \n \nENDS\n \nFor further information, please contact:\n\n\n\n\nFintel plc\nMatt Timmins (Joint Chief Executive Officer)\nNeil Stevens (Joint Chief Executive Officer)\nDavid Thompson (Chief Financial Officer)\n \n\n\nvia MHP Group\n\n\n\n\n \n\n\n \n\n\n\n\nMHP Group (Financial PR)\nReg Hoare\nRobert Collett-Creedy\n \n\n\n+44 (0)7736 464749\[email protected]\n\n\n\n\n \n \nNotes to Editors\nFintel 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.\n \nFintel 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:\n \nThe 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.\n \nThe 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,...