Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has reported profits up 11.2% to £11.8m in the six months to 30 June.

Fintel Services, whose parent owns Simplybiz and Threesixty, is launching a new proposition to connect suitable buyers and sellers as part of an initiative to help Financial Planners and advisers retiring or looking to exit their business.

Fintel, owner of threesixty and Simplybiz, said that from August all advice firm customers will receive access to AI-powered file checks across every advice case, with human checks built in as standard.

Adviser support services firm Simplybiz has launched an academy to train Financial Planners, Paraplanners, mortgage advisers and administrators.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said profits grew 17% last year to £25.9m, up from £22.2m in 2024.

Adviser support services firm SimplyBiz has launched an ongoing review service option to broaden its business consultancy service.

Tom Hegarty has been appointed as new CEO for adviser support services firm Simplybiz.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said statutory profits climbed 6.3% to £15.3m in 2024 as revenue climbed.

Financial services industry giant Ken Davy has been awarded an OBE in the King’s New Year Honours List.

Members of adviser support network SimplyBiz have adopted more than 1,000 Defaqto Engage licenses since it offered free access to an enhanced version of the Financial Planning system five months ago, the firm said.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said profits climbed 7% to £9.6m in the six months to the end of June.