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

What do younger clients really want from their adviser?

What do younger clients really want from their adviser?

'They're going to need all the help they can get'

Justin Cash
clock 21 October 2026 • 5 min read
CII and PFS celebrate more than 300 chartered graduates

CII and PFS celebrate more than 300 chartered graduates

347 graduate from CII and PFS

Sophia Panayi
clock 21 October 2026 • 2 min read
True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

Short-term policy decisions ‘disturb’ advice landscape

Sophia Panayi
clock 20 October 2026 • 2 min read