Asset manager BlackRock and fintech provider Fintel have expanded their strategic distribution agreement to improve efficiency for advisers.
The expansion of the agreement will see BlackRock’s MyMap funds join Fintel’s risk controlled investment solutions.
The aim of this is to improve efficiency for advisers and outcomes for customers.
It will mean the suite of multi-asset funds will become central to the investment process for thousands of advisers, the pair said.
The latest update is an expansion of the agreement the two companies have had since November 2020.
Blackrock follows in the footsteps of Schroders, Fidelity and Aviva which also partner with Fintel.
Rohan Stewart, head of UK wealth and advisory at BlackRock, said: “The MyMap range has been designed to help investors achieve their financial goals through simple, cost-effective funds matched to their risk appetite.
“We expect that MyMap will become a core part of many investment propositions and are delighted to be working with Fintel to support financial advisers in delivering better client outcomes.”
The range is expected to streamline the advice process and allow advisers to select from a range of funds developed by a number of product manufacturers which are all managed in line with the investment and risk parameters of clients.
Neil Stevens, joint CEO of Fintel, said: “This will deliver better outcomes for all. Our connected research and planning platform is a unique opportunity for asset managers and advisers to tailor portfolios and solutions for clients that ensure ongoing advice suitability is maximised.”
tara.o'connor@ft.com
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