No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Retail fintech and support service provider Fintel announced a conditional agreement to acquire Threesixty Services on Friday.
The AIM-traded firm said Threesixty, currently owned by Abrdn, offers compliance and business support to over 900 independent financial adviser and wealth manager firms.
It said the strategic acquisition was set to enhance its service offerings and expand its reach within the financial advisory market.
The transaction remained subject to customary conditions.
"We believe that Fintel is the natural home for the threesixty team and clients," said joint chief executive officer Neil Stevens.
"We have been committed to supporting professional advice firms for over 20 years, and our group aims to operate the strongest independent brands and most prestigious services, software and data offerings in the market."
At 1040 BST, shares in Fintel were up 0.28% at 307.86p.
Reporting by Josh White for Sharecast.com.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.