Just a few months after Mattioli Woods revealed its acquisition of Amati Global Investors, the firm said it was continuing to grow and wanted to increase its “geographical footprint”.
The north-east would be a prime target area Smith said, but any acquisition would be based on the fundamentals of the company and its people with the location a nice “extra”.
It comes amid the firm’s ambitious growth strategy which saw it buy a 49% stake in Amati in February of this year and take over pensions company MC Trustees in 2016.
The firm has the option to buy the remaining 51% Amati from 2019 and Smith said he was “massively confident” the complete buy-out would go ahead.
Smith said: “All of the acquisitions we have undertaken have been different, different things happened at different times.
“Integrating a business properly can create problems.
“You see it so many other times in our sector where you have got businesses consolidating that go around buying this and that, where we are adding it’s helping our business grow on its own merits.”
Executive chairman Bob Woods has previously said acquisitions “are a core part of our growth strategy”.
