Wealth manager and pensions consultancy Mattioli Woods will acquire private advice and asset management firm Hurley Partners in a deal worth up to £25.6m.
Mattioli Woods, which has offices throughout the UK, will retain Hurley Partners' management team in the takeover, expected to be complete by the second quarter of this year. This follows Mattioli Woods' plans to assess a "diverse pipeline of acquisition opportunities" to drive growth, announced in its September quarterly results. Chief executive (pictured) Ian Mattioli said: "This acquisition of Hurley Partners is an important step for Mattioli Woods as we continue to expand our operations and reach. Culturally and strategically, Hurley Partners is a great fit, serving a similar clie...
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
