Fintech and adviser help agency Fintel has accomplished the acquisition of help companies agency Threesixty from Abrdn for £14.6m, the agency introduced right this moment.
Fintel has acquired 100% of the shares for £14.6m in money upfront.
Threesixty offers compliance and help companies to 950 middleman companies.
Threesixty joins a rising roster of companies providing compliance and enterprise help to intermediaries acquired in latest instances by SimplyBiz, together with Compliance First and SIFA.
Fintel has additionally acquired many different companies together with fintech Defaqto, VouchedFor, Competent Adviser, AKG, MICAP, Owen James, ifaDASH and Synaptic.
Fintel says the deal will assist increase its Middleman Providers division.
Neil Stevens, joint CEO of Fintel, mentioned: “I am delighted to welcome the very gifted crew and prestigious shopper base of Threesixty to Fintel, and we’re dedicated to upholding and serving to to additional construct upon its sturdy model and high quality companies.
“Threesixty’s management crew is totally supportive of the acquisition and can stay with us to see it develop and develop transferring ahead, as will all present groups inside the enterprise.
“We’re assured we will additional improve companies for Threesixty shoppers with joint funding in know-how and can discover alternatives to make the advantages of our wider know-how and information platform accessible over time.
“Fintel stays dedicated to providing as a lot alternative as attainable to advisers and can proceed to run Threesixty as an unbiased enterprise with its personal choices and pricing available in the market, alongside our present companies.”
Russell Facer, Threesixty CEO, mentioned: “We’re delighted to affix Fintel, a enterprise which shares our imaginative and prescient and values and one which we now have recognized for a few years.
“We’re additionally in a position to supply the strongest dedication to our shoppers and our groups that the Threesixty model and unbiased choices will stay in place to proceed to supply real alternative for adviser companies.”
