Fintel PLC Fintel and BlackRock distribution agreement
03 August 2023 - 4:00PM
RNS Non-Regulatory
TIDMFNTL
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
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