Mattioli Woods sees discretionary funds rise

Mattioli Woods’ discretionary funds under management have quadrupled to £750m as of 31 May from £190m at the same time last year.

Mattioli Woods sees discretionary funds rise

|

The wealth management firm also saw its total client assets rise 27% to £4.63bn while revenues climbed 25% and adjusted earnings for the year was up 14.2%.

Earnings per share also rose 16% to 28.23p and the planned dividend payment is up 30% to 9.1p per share.

"We have strengthened our offering over the course of the year, with the acquisition of Atkinson Bolton and the appointment of our subsidiary, Custodian Capital, as discretionary investment manager of Custodian REIT plc,” said Bob Woods, executive chairman.

“Our brand has been enhanced by us bringing our three core businesses together under the Mattioli Woods name and we have strengthened our Board via two new appointments,” Woods continued.

 "With increasing complexity and continuing consolidation in both the SIPP and other key sectors in which we operate, we are confident there will be new opportunities to expand Mattioli Woods' operations, both organically and by acquisition,” he added.

Woods also said he considers the company well positioned to secure further profitable growth over the coming years.

MORE ARTICLES ON