Mattioli Woods buys Pole Arnold Financial Management for initial consideration of £4m

Latest deal expands presence in Leicester and London

Mattioli Woods CEO Ian Mattioli

Mattioli Woods CEO Ian Mattioli

Mattioli Woods has acquired specialist wealth and asset management firm Pole Arnold Financial Management for an initial consideration of £4m, and a further consideration of up to £3m subject to certain profit targets being met in the two years following completion.

Pole Arnold, which was established in 2012 and specialises in fee-based financial planning, has around 360 private and corporate clients with approximately £245m of assets under management and advice. Its team of 16 staff will remain with Mattioli Woods once the deal completes. In the year ended 31 March 2020, Pole Arnold generated revenues of £2.1m and pre-tax profits of £0.8m. Mattioli Woods acquires planning business Montagu for £2.3m Mattioli Woods expects the deal to be "earnings enhancing in the first full year of ownership". Mike Pole, managing director of Pole Arnold, sa...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week