Mattioli Woods acquires advice firm in £7m deal

The business, based in Buckingham, provides advice to both corporate and personal clients and generates strong margins and recurring revenues, with more than £160m of assets under advice.  Boyd Coughlan's management team will be retained by Mattioli Woods following the acquisition, which is expected to be “earnings enhancing in the first full year of ownership”.  The wealth manager and pension specialist also plans to raise more than £18m through a firm placing of 2 million shares and a conditional placing of 1.8m shares at a 490p each. Further reading: Fresh trends in adviser acqu...