Wealth management giant ‘confident’ in the face of market volatility

Leicester-based wealth manager Mattioli Woods has told the London Stock Exchange it “remains positive” about its prospects after winning 289 new clients in the year to date.

Ahead of its AGM today (28 October), the firm said its operating model had stood it in good stead despite an increasingly volatile market backdrop.

Although gross assets under Mattioli Woods’ management decreased by 7.3% to £4.7bn in the first four months of the year, the company said it had recently acquired a range of passive portfolios which were “already gaining traction”, with over £2m invested to date.

The group’s chairman David Kiddie is expected to tell shareholders the firm remains dedicated to “maintaining [its] culture of putting clients first” and that it is “confident” in its resilience.

He will add that the company’s “personalised approach, transparent fee structures and desire to build long-term relationships with [its] multi-generational client base” will ensure it is well placed to secure future growth.

The firm reported revenue growth of 72.8% – up from £62.6m in 2021 to £108.2m – in its full-year results announcement last month.