Mattioli Woods, the pension consultant and wealth manager, has reported increased pre-tax profits of £5.56m, up 9.9%, for the year ended 31 May.
Its final results said profits before tax were up from £5.06m in 2012. The firm said revenue was up 14% to £23.41m. It stove at £20.48m in 2012. it said it was in a "strong financial position" with £8.05m of net cash. Total client assets were up just over 20% to £3.64bn to the year ending 31 May, compared to just over £3bn in the previous financial year. The results also highlighted the business was appointed to operate The Pilgrim SIPP in June 2012, it launched a discretionary portfolio management service in August last year and acquired Ashcourt Rowan's pension business in April this ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
