Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter