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Mattioli Woods

Wealth manager and SIPP provider Mattioli Woods says its market is beginning to stabilise and it is planning further acquisitions.

Mattioli Woods, the wealth management and SIPP business, has reported pre-tax profit up 36.7% to £13.4m for the year ended 31 May.

Mattioli Woods, the SIPP and wealth management firm, has received FCA approval for its £25m takeover of private client firm Hurley Partners.

Mattioli Woods has made three new board appointments including replacing their chief financial officer. The wealth manager and employee benefits business said that all directors and staff will not be paid their bonuses for the year.

Wealth manager and SIPP firm Mattioli Woods forecast today that 2020 revenues would match 2019 and a round of cost cutting should help maintain profits.

Ian Mattioli, chief executive of wealth management and SIPPs business Mattioli Woods, has waived his salary until at least 30 June and board directors have reduced their fees to 50%.

Cost cutting helped SIPP provider Mattioli Woods maintain modest profit growth over the past 12 months in the face of market challenges and a dip in revenue.
Mattioli Woods group managing director Murray Smith is to stand down, the firm has revealed today.
Mattioli Woods to expand SIPPs availability in Northern Ireland with £4m acquistion of Belfast-based SSAS Solutions.
Mattioli Woods, the wealth manager and SIPP firm, has made 18 staff redundant from a workforce of 622 as it pushes through “operational efficiencies” following a period of rapid expansion and acquisition.
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