UK-based wealth management firm Mattioli Woods has one new year’s resolution for 2022: continue with its M&A push in the wealth, pension and financial planning market.
In a trading update on the London Stock Exchange on 17 December, the firm said it anticipates further consolidation within the sector with “many more opportunities” coming to market.
Mattioli Woods added that it will build on its acquisition track record by continuing to assess and progress “bolt-on opportunities in the nearer term as well as potentially more substantial opportunities in the longer term”.
The group reported positive results in terms of net flows into its investment and asset management services, and in the number of new clients onboarded in the financial year to date, which are “ahead of the prior year”, it said.
This is also driving an “increasing pipeline of new business enquiries”.
Mattioli Woods’ recent acquisitions of Maven Capital and Ludlow Wealth Management are “already starting to be realised” and are “integrating well”, the firm added.
