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Mattioli Woods acquires Cooper Parry Wealth Strategies

Pensions consultancy Mattioli Woods has announced the acquisition of pension administration and employee benefits businesses Cooper Parry Wealth Strategies Limited.

On April 30 Mattioli Woods agreed a total consideration of up to £1.175m, subject to revenue and client retention targets being met over the next two years.

CP Pensions provides pensions consultancy and administration services to 239 Sipp clients and 51 Ssas clients, with total funds under trusteeship of over £110m. 

CP Pensions also provides employee benefits services to 30 corporate clients.

CP Pensions’ six administration staff will relocate to Mattioli Woods’ Leicester office following the acquisition.

Mattioli Woods also entered into separate agreements to acquire the entire issued share capital of Cooper Parry Sipp Trustees Limited and Cooper Parry Ssas Trustees Limited.

The Trustee Companies act as trustees to the pension schemes, have never traded and have negligible net assets in aggregate.

The total consideration consists of an initial payment of £0.575m funded from the company’s existing cash resources and deferred consideration of up to £0.60m.

CP Pensions generated revenues of £0.43m in the year ended April 30, 2010.

Mattioli Woods executive chairman Bob Woods says: “I am delighted to announce our acquisition of CP Pensions. Cooper Parry is a highly-regarded independent business advisory firm with operations in the Midlands and London. In common with Mattioli Woods, Cooper Parry is focused on attracting clients who require bespoke personal service and specialist advice.”

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  1. Knowing both of these companies well this is good news for both companies involved and their clients. They will a very strong force in the market going forward.

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