Mattioli Woods profits up 46% as advice demand jumps

Revenue at the firm was up 10%

clock • 2 min read

Mattioli Woods has reported pre-tax profits increased 45.5% in the six months to the end of November, as more new and existing clients sought advice amid volatile financial markets.

Profits before tax at the wealth manager were £4.8m, up from £3.3m in the same period a year earlier. Ian Mattioli MBE, chief executive at Mattioli Woods, said clients' demand for advice and proactive communications by advisers "in such uncertain times" resulted in an increase in advisory time, boosted by the value of new clients on-boarded in the first half of the year increasing more than 10% compared to a year earlier. Digital pound could launch within ten years under Treasury and BoE plans Revenue at the firm was up 10% to £54.9m from £49.9m, driven by positive performances in ...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Companies

Superdry proposes delisting from London Stock Exchange as part of turnaround plan

Superdry proposes delisting from London Stock Exchange as part of turnaround plan

Avoiding ‘heightened exposure’

clock 16 April 2024 • 2 min read
GAM appoints Liontrust as delegated manager of Star Alpha Technology strategy

GAM appoints Liontrust as delegated manager of Star Alpha Technology strategy

Mark Hawtin as portfolio manager

Valeria Martinez
clock 16 April 2024 • 1 min read
Private equity giant CVC chooses Amsterdam for €1.25bn IPO

Private equity giant CVC chooses Amsterdam for €1.25bn IPO

Committed backing from shareholders

Eve Maddock-Jones
clock 16 April 2024 • 1 min read
Trustpilot