Mattioli Woods upbeat on RDR

Wealth manager Mattioli Woods sounded a bullish note on regulatory changes to retail investing yesterday after posting a 20 per cent increase in assets under administration. Executive chairman Bob Woods said the Retail Distribution Review, which came into force in January, would “enhance” the quality of the firm’s earnings. The company’s jump in assets was bolstered largely by its buy of Ashcourt Rowan’s pension business in April.