Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said acquisitions have helped the business grow its profits by 6.6% in the last six months.

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.

Adviser support network SimplyBiz is to offer free access to Defaqto’s Engage Financial Planning system to all its members.