Mattioli Woods has reported a 69% increase in revenue in its latest interim results, as positive contributions from its recent acquisitions helped total client assets reach a “key milestone”.
The firm said in the six months ended 30 November 2021, revenue rose 69.1% to £49.9m, while total client assets climbed by £4.5bn, or 43%, against the equivalent prior period to £15.1bn. The company has completed eight acquisitions since 1 June 2020, the two largest of which, Maven and Ludlow, contributed £19.4m of revenue in the period, according to Mattioli Woods CEO Ian Mattioli. He also attributed the rise in revenue to positive performances in the group's pensions consultancy and administration, and investment and asset management operating segments. Mattioli Woods eyes more a...
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