Mattioli Woods pumps up the volume with ‘pleasing’ first-half results

Mattioli Woods, the Leicester-based wealth management firm, has seen adjusted profit before tax almost double for the six months to November 30 2021.

The firm posted a surplus of £14.1m – up from £7.2m on the previous six months, while revenue increased by over 69% to almost £50m, driven by acquisitions and the return of “strong” organic growth.

Recent acquisitions by Mattioli Woods include Maven Capital Partners and Ludlow Wealth Management.

Ian Mattioli MBE, chief executive officer, said: “We are pleased by our performance in the first half of the financial year, which has seen the group thrive.

“We plan to build on this positive momentum, advancing our key strategic initiatives: new business generation, growth through the integration of strategic acquisitions, developing new products and services, reviewing our processes and investing in technology to deliver an improved digital client interface and further operational efficiencies.

“Our trading outlook for the year remains in line with management’s expectations and we believe the group is well-positioned to grow, both organically and by acquisition. We are committed to delivering our ambitious growth strategy and in doing so create a business that remains responsibly integrated for the benefit of our clients and well-positioned to deliver sustainable shareholder returns.”