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Acquisitions give 20% boost to Mattioli Woods revenue


Wealth manager Mattoili Woods saw revenue grow 20 per cent in the six months to December 2015 to £19.9m, up from £16.59m, its interim results show.

The firms says the acquisitions of Boyd Coughlan, Taylor Patterson and Lindley Trustees more than offset a £600,000 decline in interest earned on cash accounts.

Healthcare and protection business Maclean Marshall Healthcare was also acquired in January 2016.

Total clients assets under management, administration and advice were up 29.5 per cent to £6.49bn, from £5bn six months previously. Assets under discretionary management account for £1.08bn.

In June 2015 the company raised £18.6m which it says will fund further Sipp acquisitions as providers aim to meet the increased regulatory burden of the new Sipp capital adequacy rules.

Co-founder Bob Woods is to stand down as executive chairman and from the board in October 2016.

Deputy chairman Joanne Lake is to take over Woods’s responsibilities.

Chief executive Ian Mattioli says: “Against a backdrop of volatile financial markets, regulatory and legislative change, in the second half of this financial year we expect sustained demand for advice from clients, offsetting any impact lower asset values have on investment-related revenues.

“We are broadening our proposition as trusted adviser, product provider and asset manager and believe our blend of wealth management and employee benefits positions us well to deliver further strong shareholder returns going forward.”



Mattioli Woods completes £200k pension admin deal

Mattioli Woods has acquired the pension administration business of advice firm Lindley Group for £199,001. The deal, which is worth a total of £230,000 including deal costs, will see Mattioli take charge of over 130 small self-administered pension schemes, with assets under management of £116m. In 2014 the pension business generated over £310,000 of revenues […]


Mattioli Woods buys advice firm for £8.3m

Wealth manager and Sipp provider Mattioli Woods has acquired Preston-based advice firm Taylor Patterson in a deal worth £8.3m. Taylor Patterson provides wealth management and employee benefit services to personal and corporate clients, and employs 38 staff. Its management team will be retained by Mattioli Woods following the acquisition. Mattioli Woods will pay an initial […]


Mattioli Woods to launch FNZ-powered platform

Sipp provider Mattioli Woods has signed a deal with technology firm FNZ to build a bespoke platform to replace MWeb. Mattioli Woods sales and marketing director Murray Smith says cost is a “key battleground” in the Sipp market and the new platform will allow the firm to pass on savings to customers. He says: “Our […]


Mattioli Woods completes £7m advice firm acquisition

Mattioli Woods has agreed a £7m deal to acquire Buckingham-based advice firm Boyd Coughlin. The deal, which will be satisfied partly in cash and partly through the issue of consideration shares, will add over £160m in assets to the firm. Mattioli Woods chief executive Ian Mattioli says the group is planning further acquisitions. He says: […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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