Fintel has acquired Owen James Events to expand its range of services to "greater numbers of advice firms, wealth managers, and paraplanners".
Owen James Events is a platform for strategic engagement events across the financial services sector.
The acquisition comes as Fintel records an adjusted EBITDA growth of 6% to £20.5m compared to £19.4m in the previous year, in a period of "continued investment in our core products and services".
Fintel said it has a strong balance sheet with £12.7m of cash, and £69m of headroom in its £80m Revolving Credit Facility. It has a net cash position of £1.7m compared to £12.8m in the previous year, having invested significantly in four acquisitions.
The firm's core revenue increased to £56.6m compared to £56.4m in the previous year.
Fintel, which owns SimplyBiz and Defaqto, has been expanding its portfolio in recent times. The addition of Owen James Events follows the acquisitions of Synaptic, VouchedFor, Competent Adviser, MiCap, and AKG.
Owen James Events marks the sixth acquisition by Fintel in the past 12 months. It has been conducted through Fintel IQ, the business's technology and knowledge platform.
Fintel joint chief executive Neil Stevens said: "Owen James Events is renowned and respected as the premium independent platform for strategic engagement events for financial services professionals across the sector, and we're proud to be a part of its future.
"The acquisition of Owen James by Fintel will allow it to expand its already significant range of services, delivering education and strategic engagement opportunities to greater numbers of advice firms, wealth managers, paraplanners, mortgage brokers, and those in the private banking sector than ever before.
"Fintel's strategy to prioritise key market adjacencies, grow our product platform, connect the market, and inspire better outcomes, is in total alignment with that of Owen James, and we're delighted to welcome them to Fintel as we move forward together."
Owen James Events managing director James Goad said: "Our acquisition by Fintel will power us to reach more people and evolve our events to the next level, whilst maintaining our status as independent.
"We believe the partnership of Fintel and Owen James Events will be a positive one for the financial service sector overall and are looking forward to seeing the benefits the acquisition will bring to our partners, and our current and future communities."
