RSMR acquired by Fintel in ninth acquisition in a year

Fintech company Fintel today announced the conditional acquisition of fund rating agency Rayner Spencer Mills Research (RSMR).

The fund research firm, which also offers portfolio management services, will become part of Defaqto, another financial data agency owned by Fintel.

The company’s CEO, Matt Timmins, said he hopes to expand Defaqto’s research capabilities with this new acquisition, stating: “These ratings are a testament to the quality, due diligence and reputation of the company as they are based on a rigorous research methodology.

“RSMR is another strategically important acquisition that will add our expertise, insights and industry data to complement Defaqto’s offering.”

Fintel has been growing rapidly recently, acquiring eight additional companies in the past year. These include AKG, VouchedFor, Competent Adviser, Micap, Synaptic, Owen James, ifaDASH and threesixty.

This ninth acquisition is expected to close in the coming months, subject to regulatory approvals.