Mattioli Woods acquires adviser firm Caledonia Asset Management for £1.6m

Founded in 2000, Caledonia is a Chartered financial planning firm based in Edinburgh. It works with around 150 private clients and has £55m of assets under advice. Mattioli Woods will pay £960,000 up front for the business and a further £640,000 if performance targets are met two years after completion. Caledonia's five-strong team will remain with Mattioli Woods following completion of the deal. This deal comes after Mattioli Woods announced last week it had acquired advice firm Pole Arnold Financial Management for an initial consideration of £4m. This is the third acquisition the...