Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Mattioli Woods assets soar 27% as it eyes pension opportunity

Mattioli Woods assets soar 27% as it eyes pension opportunity

Mattioli Woods saw assets under advice rise by 27% over the year to the end of May, hitting the £4.6 billion mark.

Revenues, meanwhile were up 25%, partially buoyed by the firm's buy of Atkinson Bolton Consulting in July of last year, in a deal worth up to £6 million. Atkinson Bolton, which has since been rebranded as Mattioli Woods, had around £420 million at the time of the deal.

Over the 12 months to the end of May, discretionary assets grew to £750 million.

Bob Woods (pictured), Mattioli Woods executive chairman, said the firm planned to invest a further £1 million in the business over the next year and backed it benefit from the dramatic pensions reforms announced in the Budget.

‘These are significant milestones, marking the next phase in our development as a 21st century financial services business,’ he said.

‘The government's intention to provide full access to pension funds from retirement has brought clarity to the issue of "ownership" and pensions have been made very much more attractive. I expect the proposed changes to be good for the group and the industry in general, with new planning opportunities already being welcomed by our clients.’

He added that strong organic growth remained the core focus, supplemented by strategic acquisitions.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter