Wealth manager Mattioli Woods aims high amid shift in savings

Michael Bow
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WEALTH firm Mattioli Woods yesterday laid out ambitious growth plans to triple funds under management in future.

Chief executive Ian Mattioli told City A.M. the firm had the potential to grow funds managed up to £15bn and revenue up to £100m. The junior stock market listed group yesterday reported a 25.4 per cent rise in profits to £29.35m, with total client assets up 27.2 per cent to £4.6bn. “We can grow through an even mixture of organic and acquisition-led growth,” he aid.

The Leicester-based business has around 6,000 clients and said changes to retirement changes wrought by this year’s Budget would have a “profound” impact on saving.