Mattioli Woods’ revenues exceed £50m

Cantor Fitzgerald has retained its buy recommendation on Mattioli Woods after the wealth manager disclosed its total revenues for the year will exceed £50m.

Mattioli Woods’ revenues exceed £50m


This comes after Mattioli Woods announced its final results for the year ended 31 May in which it said gross discretionary assets under management rose £460m, including £190m into discretionary portfolio management.

Mattioli Woods said it now manages more than £1.6bn in discretionary AUM.

The firm put the increase in revenue down to a “strong flow of organic new business” and recent acquisitions performing and integrating well.

It announced more than £100m was now invested in its Structured Products Fund, launched last November.

In addition, it said Amati Global Investors’ total AUM increased from £120m in February, when Mattioli Woods bought 49% of the firm, to more than £165m at the end of the year.

Elsewhere, Custodian REIT, managed by Mattioli Wood’s subsidiary Custodian Capital, raised £76m during the year and now has a market cap of about £400m.

Ian Mattioli, chief executive at Mattioli Woods, described generating annual revenues of over £50m as a “significant milestone”.  

He added: “I am delighted to report another year of growth, driven by a strong flow of new business and continued demand for advice from clients, which together with acquisitions completed in this and the prior financial year has seen the Group achieve a significant milestone in generating annual revenues of over £50m.  

“Our ambition is to see our brand become an even stronger force in the UK financial services sector.  I am delighted with the performance of our business for the last financial year and believe we remain well-positioned to secure further profitable growth going forward.” 

In a trading update, Cantor Fitzgerald said: “We expect continued growth across the business in the next few years in view of the market opportunity and scope to rise up the value chain, such as in asset management which will drive higher margins and profitability.” 



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