Fintel to launch cash flow planning tool in H2


Fintel is to launch a cash flow planning tool for advisors with the aim of providing everything a business needs through “one point of access”.

Speaking to FTAdviser this week (March 22) following its results, Neil Stevens, joint chief executive of Fintel, said he plans to launch the tool in the second half of the year.

Matt Timmins, co-CEO of Fintel, was also on the call and said advisers needed more help managing complex customer situations and a complicated market. Fintel will therefore invest in cash flow planning.

“We have some great tools to help advisors give financial advice, and later this year we’ll be releasing a cash flow planning tool. It brings them all together in one hub so advisors can provide holistic advice, while still having access to all of these specialist advice workflows that we have.

So far, he said Fintel had already launched an income levy to help with retirement income planning, as well as an environmental, social and governance module.

“[This] helps advisors educate their clients on ESG, pick up their preferences, then jump in and research the market with unbiased expert advice on choosing the right products. We have been very strong in some of the specialized areas of work; this year, it’s about bringing it all together and giving advisors this central hub to manage their clients.

“We believe in the market that there are way too many point systems. There are far too many one-to-one systems that require advisors to individually log into different pieces of kit to get the job done for their clients and our goal is to provide everything the intermediary business needs to do this through one point of access.

Fintel said costs have yet to be decided, but it will be an add-on offered to Centra and Engage users.

The business recorded a 5% increase in total revenue from £2.9m to £63.9m for 2021.

Stevens said: “We definitely want to stay on track. You’ll see that what we’ve set are mid-term goals, so rather than just focusing on one particular year, we’re talking about what we want to achieve over the next two or three years. It gives a good shape to our growth and it also allows us to focus on what we need to do for our customers in the right order.

Timmins said that aside from financial expectations, the company is also investing in the business to continue to build on its fintech system it has through the acquisition of Defaqto.

“We are investing in this, building new modules for the benefit of consulting firms,” he said. “As Neil said, we’re strengthening our relationships with large enterprise customers who need more of the software and services that we develop. So it’s all about working towards medium-term financial goals and being in good position to reach them.


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