Mattioli Woods Reports Strong Progress and Demand for Services
Mattioli Woods, a leading wealth management firm, has announced that it is trading in line with expectations and experiencing strong demand for its services. While specific figures were not provided, consensus estimates from FactSet suggest sales of £123.1 million ($149.1 million) and a pre-tax profit of £29.6 million for the fiscal year ending in May.
The company is actively developing its investment proposition and its private equity business, Maven, which has a robust pipeline of planned deals. Additionally, Mattioli Woods is making progress on the rollout of its relationship management system, Xplan.
In order to offer clients better interest rates and enhance its banking margin, the London-listed firm is introducing a new pension banking proposition. This strategic move aligns with the company's commitment to providing exceptional service and value to its clients.
Furthermore, Mattioli Woods continues to experience sustained demand for advice, leading to growth in its advice business. In fact, the company has already acquired 249 new clients in the current year.
At the upcoming annual general meeting, Anne Gunther will assume the role of Chair, replacing David Kiddie who will be stepping down, as previously announced.
Overall, Mattioli Woods remains focused on delivering top-quality services to its clients and driving financial success for both the firm and its stakeholders.
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