Fintech and adviser support firm Fintel has completed the acquisition of support services firm Threesixty from Abrdn for £14.6m, the firm announced today.

 
Fintel has acquired 100% of the shares for £14.6m in cash upfront.
 
Threesixty provides compliance and support services to 950 intermediary firms.
 
Threesixty joins a growing roster of businesses offering compliance and business support to intermediaries acquired in recent times by SimplyBiz, including Compliance First and SIFA.
 
Fintel has also acquired many other businesses including fintech Defaqto, VouchedFor, Competent Adviser, AKG, MICAP, Owen James, ifaDASH and Synaptic.
 

Fintel says the deal will help expand its Intermediary Services division.
 
Neil Stevens, joint CEO of Fintel, said: “I'm delighted to welcome the very talented team and prestigious client base of Threesixty to Fintel, and we are committed to upholding and helping to further build upon its strong brand and quality services.
 
“Threesixty's leadership team is fully supportive of the acquisition and will remain with us to see it grow and develop moving forward, as will all existing teams within the business.
 
“We are confident we can further enhance services for Threesixty clients with joint investment in technology and will explore opportunities to make the benefits of our wider technology and data platform available over time.

"Fintel remains committed to offering as much choice as possible to advisers and will continue to run Threesixty as an independent business with its own offerings and pricing in the market, alongside our existing businesses."
 
Russell Facer, Threesixty CEO, said: “We are delighted to join Fintel, a business which shares our vision and values and one that we have known for many years.
 
“We are also able to offer the strongest commitment to our clients and our teams that the Threesixty brand and independent offerings will remain in place to continue to provide genuine choice for adviser firms.”