Leicester wealth management firm set to break through £50m barrier

Mattioli Woods the Leicester-based AIM-listed wealth management and employee benefits busines, says it is on course to break through the £50m turnover barrier when it announces its full-year results on 5 September.

The firm is calling the news a “significant milestone”, and says that it is now looking to make acquisitions.

Ian Mattioli, chief executive, said: “I am delighted to report another year of growth, driven by a strong flow of new business and continued demand for advice from clients, which together with acquisitions completed in this and the prior financial year has seen the Group achieve a significant milestone in generating annual revenues of over £50m.

“We have enjoyed further growth in our investment and asset management business, with gross discretionary assets under management (AuM) increasing by £460m during the year, with £190m of new monies invested in our discretionary portfolio management service. The Mattioli Woods Structured Products Fund was launched in November 2016, with £98m of new monies invested during the year and the value of the fund now exceeds £100m. Custodian REIT, the UK real estate investment trust managed by our subsidiary Custodian Capital, raised £76m of new monies during the year and now has a market capitalisation of circa £400m.

“Our ambition is to see our brand become an even stronger force in the UK financial services sector. I am delighted with the performance of our business for the last financial year and believe we remain well-positioned to secure further profitable growth going forward.”