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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“Our resilient operating cashflow conversion, combined with our enhanced funding capacity provide considerable financial agility as we pursue strategic acquisitions, and we remain confident that Fintel is in a strong position to deliver both our strategic goals and growth ambitions.”

Matt Timmins, Joint CEO

“We’re delighted to be awarded this accolade by Best Companies, made all the more important as it’s been voted for by our people.

Our people are our driving force, and when they succeed, so does the business. Thank you to everyone who makes Fintel what it is.”

Matt Timmins, Joint CEO

"Fintel has delivered a solid financial performance in the first half of the year, trading in line with expectations. Growth in our core business has been strong, delivering increased revenues, earnings and cash, while maintaining EBITDA margin and quality of earnings. We are confident of meeting our full year expectations and longer-term growth ambitions."

Matt Timmins Joint CEO