13 October 2022

Expansion of strategic partnership with Schroders

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.''

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“We are breaking new ground, and our focus is on connecting best of breed technology rather than building a single solution. We believe in open technology collaboration and integration for the benefit of advisers and their clients. Our mission is to build simple and integrated financial technology that increases the accessibility of financial services and upgrades the financial planning experience.”

Neil Stevens, Joint CEO

"Quality management team and secular growth. There is a real blueprint about how this business is building up a platform for the IFA market"

“There’s no other solution like ifaDASH currently available, and there’s a clear and genuine gap for it in the sector. The increased visibility and transparency ifaDASH offers to a heavily regulated market will prove immensely valuable for advisers, particularly since the implementation of the Consumer Duty. 

Offering advisers more streamlined efficiency and less admin and risk aligns perfectly with our objectives to deliver better financial outcomes to more consumers, and we’re excited about ifaDASH’s next steps as part of Fintel.”

Neil Stevens, Joint CEO