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' discretionary funds climb to near £1bn

Mattioli Woods' discretionary funds climb to near £1bn

Mattioli Woods has pushed its discretionary assets under management close to £1 billion from just £190 million a year ago through a combination of acquisition and organic growth.

In full year results for the 12 months to June the company reported assets had risen to £750 million with a further £190 million being added after the end of the period.

More than £532 million was added organically and through client transfer from its advisory division, with a further £442 million from the acquisition of Atkinson Bolton and £7.1 million due to its appointment to manage pension fund HD Sipp.  

‘All acquisitions completed to date have not just been earnings enhancing but have also broadened and deepened our expertise and services,’ the company, headed by Ian Mattioli (pictured), said in a statement.  

‘We are confident there will be further opportunities to expand Mattioli Woods' operations by acquisition, further accelerating our organic growth.’ 

The company now administers total client assets of £4.63 billion, versus £3.64 billion in 2013. Revenue rose 25.4% over the period to £29.35 million driving earnings-per-share growth of 16.9%. It lifted its full-year dividend 30% to a total 6p.

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 Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Play Carmignac's Crowl: what QE could mean for Europe

Carmignac's Crowl: what QE could mean for Europe

The ECB is widely expected to finally fire its QE gun this week. Carmignac's Sandra Crowl discusses the implications for the eurozone.

Play Grexit worries, currency wars and a grizzly outlook for 2015?

Grexit worries, currency wars and a grizzly outlook for 2015?

The first Investment Pulse of the year looks at the potential impact of Greece leaving the euro, volatility in currency markets and the UK’s economic prospects.

Your Business: Cover Star Club

Profile: DIY investing is biggest threat to industry, says Whitechurch

Profile: DIY investing is biggest threat to industry, says Whitechurch

The industry is at risk of pushing potential investors down the DIY route unless it does more to make its services accessible says the Whitechurch Securities boss

Wealth Manager on Twitter