Mattioli Woods expects to benefit from Woodford scandal and general election

Increased inflows likely

David Brenchley
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Ian Mattioli expects Woodford-related tailwinds
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Ian Mattioli expects Woodford-related tailwinds

Wealth manager Mattioli Woods expects to benefit from the suspensions of the LF Woodford Equity Income and M&G property Portfolio funds as well as December's General Election.

In a trading update, CEO Ian Mattioli said recent events in the financial services industry "are likely to drive an increased demand for the holistic planning and expert advice we provide". Additionally, Mattioli said he anticipated a tailwind from the election, which saw the Conservatives win a large majority in Parliament. This would lead to "greater client activity and increasing inflows into our bespoke investment services", he said. The firm will issue its interim results for the six months to 30 November 2019 on 4 February, but said it had grown both revenue as well as pre-tax p...

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