Mattioli Woods revenue up 8% against tough economic backdrop

The wealth manager and asset management business said its trading performance had been "resilient" against a challenging macroeconomic backdrop. It reported organic revenue growth of 4% and 374 new client wins with an asset value of £82.2m. Total client assets remained stable at £15.2bn compared to £15.3bn at the previous update with a reduction in assets driven by £155m downward market movements, it said. The business, which also provides self-invested personal pensions (SIPP), added that its revenue in the second half was historically higher than in the first half due to fiscal y...