Mattioli Woods acquires financial planning business for up to £1.8m

Payment in three instalments

Anna Fedorova
clock • 2 min read

Mattioli Woods has announced the acquisition of 100% of the share capital of Richings Financial Management for an initial consideration of £0.9m and a potential further consideration of up to £0.9m if the firm attains specified performance targets in the two years after completion.

Founded in 1991, Richings is a financial planning and wealth management business working with over 270 private client families with approximately £70m of assets under advice. The firm is based in Iver and has a four-strong team, including director Clive Ridge, all of whom will remain with Mattioli Woods following completion. The acquisition will consist of an initial consideration of £0.9m cash on a cash-free, debt-free basis, and a second contingent consideration of up to a further £0.9m payable on the first and second anniversaries of completion, if the firm reaches certain profit t...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

David Kennedy is currently serving an eight-year prison sentence

Sahar Nazir
clock 22 December 2025 • 1 min read
Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Higher proof-of-value demands and operational challenges keep private markets on margins of UK advice portfolios

Sahar Nazir
clock 19 December 2025 • 9 min read
Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Business development exec Lawrence Patrick joined charity The Mehiel Foundation

Professional Adviser
clock 19 December 2025 • 1 min read