Revenues up at acquisitive Leicester wealth management firm

Leicester wealth management firm Mattioli Woods has posted “strong” full-year results this morning (4 July).

Ahead of its final results for the year-ending 31 May, the firm says revenues have grown by 15% over the last year. It now has £2.3bn of assets under its management.

The firm also said it is withdrawing from work around pension transfers, but that this would not affect its bottom line.

Mattioli Woods also confirmed the timeline for its move to its new Leicester office. Ian Mattioli, chief executive, said: “The move to our new central Leicester office is scheduled to commence in September 2018. We have also agreed terms to move into a new Edinburgh office, which will house both Mattioli Woods’ consultants and the Amati team.”

He also confirmed that the company remains bullish on acquisitions, adding: “Acquisitions remain a core part of our growth strategy. We continue to review a diverse pipeline of potential acquisition opportunities and believe further consolidation within our core markets remains likely. Our strong balance sheet gives us the flexibility to make further value-enhancing acquisitions.”