RCS - Fintel PLC - Fintel and BlackRock distribution agreement

FintelAnnouncement

03/08/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230803:nRSC1093Ia&default-theme=true

RNS Number : 1093I  Fintel PLC  03 August 2023

03/08/2023

Fintel plc

("Fintel", the "Company", the "Group" or the "Business")

Fintel and BlackRock strengthen distribution agreement

 

Fintel (AIM: FNTL), the leading provider of fintech and support services to
the UK retail financial services sector, and BlackRock, one of the world's
leading asset managers, today announced a key expansion to their strategic
distribution agreement.

Under the expanded agreement, BlackRock's MyMap funds will join Fintel's Risk
Controlled investment solutions, ensuring that its suite of multi-asset funds
become central to the investment process of the thousands of advisers who use
its financial planning technology.

Delivered by SimplyBiz and Defaqto, both part of Fintel, 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.

The Risk Controlled range streamlines the advice process whilst ensuring that
advisers can select from a range of funds developed by a number of product
manufacturers which are all managed in line with the investment and risk
parameters suitable for advisers' clients.

This is an extension of the Managed Distribution agreement that BlackRock has
had in place with Fintel since November 2020, and follows Schroders, Fidelity
and Aviva, who have also further aligned their distribution strategies to
partner with Fintel.

 

Neil Stevens, Joint CEO of Fintel, commented:

"We are delighted to extend our Risk Controlled solutions to BlackRock MyMap
Funds. It is fantastic to see a world-leading asset manager focussing its fund
research and transparency around clear client outcomes, that can be properly
and independently analysed by professional advisers using our software. This
will deliver better outcomes for all. Our connected research and planning
platform is a unique opportunity for asset managers and advisers to tailor
portfolios and solutions for clients that ensure ongoing advice suitability is
maximised".

 

Rohan Stewart, Head of UK Wealth and Advisory at BlackRock, commented:

"The MyMap range has been designed to help investors achieve their financial
goals through simple, cost-effective funds matched to their risk appetite. By
integrating these funds into SimplyBiz's Risk Controlled investment solution,
we can help advisers build investment solutions that are suitable for a
customer's risk profile. We expect that MyMap will become a core part of many
investment propositions and are delighted to be working with Fintel to support
financial advisers in delivering better client outcomes."

For further information please contact:

 

 Fintel plc                                     via MHP Group

 Matt Timmins (Joint Chief Executive Officer)

 Neil Stevens (Joint Chief Executive Officer)

 David Thompson (Chief Financial Officer)

 MHP Group (Financial PR)                       +44 (0) 20 3128 8147

 Reg Hoare                                      Fintel@mhpgroup.com

 Robert Collett-Creedy

 

Notes to Editors

 

Fintel is the UK's leading fintech and support services business, combining
the largest provider of intermediary business support, SimplyBiz, and the
leading research, ratings, and Fintech business, Defaqto.

Fintel provides technology, compliance and regulatory support to thousands of
intermediary businesses, data and targeted distribution services to hundreds
of product providers and empowers millions of consumers to make better
informed financial decisions. We serve our customers through three core
divisions:

The Intermediary Services division provides technology, compliance, and
regulatory support to thousands of intermediary businesses through a
comprehensive membership model. Members include directly authorised IFAs,
Wealth Managers and Mortgage Brokers.

The Distribution Channels division delivers market Insight & analysis and
targeted distribution strategies to financial institutions and product
providers. Clients include major Life & Pension companies, Investment
Houses, Banks and Building Societies.

The Fintech and Research division (Defaqto) provides market leading software,
financial information and product research to product providers and
intermediaries. Defaqto also provides product ratings (Star Ratings) on
thousands of financial products. Financial products are expertly reviewed by
the Defaqto research team and are compared and rated based on their underlying
features & benefits. Defaqto ratings help consumers compare and buy
financial products with confidence.

For more information about Fintel, please visit the website:
www.wearefintel.com (http://www.wearefintel.com/)

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRASSIFLEEDSEEA