Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has reported making “strategic progress” in a trading update published today.

Adviser support network SimplyBiz has added Legal & General Investment Management’s (LGIM’s) model portfolio service to its risk-controlled investment solutions range.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has invested £1.5m in Mortgage Brain and acquired 70% of fintech ifaDASH for up to £1.5m.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has reported a 0.3% rise in revenue to £56.6m for the year ending in December, compared to £56.4m in 2022.