Wealth management firm reaches £15bn milestone

Leicester wealth management firm Mattioli Woods has announced impressive results for the six months to the end of November 2021.

The company has reached what it is calling a “key milestone” of £15.1bn total client assets – an increase of 42% on last year. Revenues have also climbed, up from £29.5m last year to almost £50m this time around.

Ian Mattioli MBE, chief executive, said: “The first six months of this financial year saw us build momentum despite the complexities, economically and politically, that persisted throughout 2021. During the period, we proactively balanced securing good financial outcomes for our clients with ensuring the long-term sustainability of our business, and I am pleased to report further material progress towards our strategic medium-term goals, with total client assets now at £15.1 billion.

“Recent acquisitions and double digit organic revenue growth have driven a material increase in scale during the period, with the group’s profit margins maintained through prudent cost management and investment to realise further operational efficiencies.

“During the period we were pleased to announce the completion of our two largest acquisitions to date, Maven Capital Partners and Ludlow Wealth Management. Both businesses are trading ahead of budget and have contributed positively to the Group’s results, building upon our track record of more than 30 successful acquisitions.

“The Group’s trading outlook for the current financial year remains in line with management’s expectations and Mattioli Woods remains well-positioned to deliver sustainable shareholder returns.”