Mattioli Woods has said its recent acquisitions are “performing and integrating well” and is eyeing “potentially more substantial” acquisition opportunities in the future.
In a trading update the business said that in the six months to the end of November, net inflows and the number of new clients on-boarded is ahead of the prior year. It added that new business initiatives are leading to a larger pipeline of new business enquires and organic revenue growth is over 10% for the period. The wealth and asset manager said the recent acquisitions were going as planned, with "anticipated revenue and cost synergies" already starting to be realised for Maven Capital Partners and Ludlow Wealth Management, which were acquired in July and September respectively. ...
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