Fintel eyes 'selective' future growth after Threesixty buyout

'It’s not acquisitions for acquisition’s sake'

Sahar Nazir
clock • 1 min read

Fintel is showing no signs of slowing down on acquisitions and is on a “steadfast mission to improve the UK retail financial services market” after snapping up adviser support service Threesixty.

The firm acquired Threesixty from Abrdn in a £14.6m deal last week (28 June). The purchase has seen Threesixty join the likes of SimplyBiz, Defaqto, VouchedFor, Competent Adviser, AKG, MICAP, Owen James, ifaDASH, and Synaptic. The compliance provider offers support to over 900 IFAs and wealth management firms. Fintel joint chief executive (CEO) Neil Stevens told Professional Adviser that the firm expects to make one or two more acquisitions this year, but it is "not acquisition for acquisition's sake". Stevens leaned towards a selection approach and said Fintel is "building its platfo...

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