Mattioli Woods to continue to consider acquisitions

Mattioli Woods to continue to consider acquisitions

Alex Brown, wealth management director at Mattioli Woods, has said the business will "continue to consider acquisition opportunities" across 2017 to increase the growth of the organisation.

Earlier this year, Mattioli Woods purchased Sipp provider MC Trustees for a total of up to £2.2m.

MC Trustees provides pension administration and trustee services to more than 1,500 self-invested personal pension and small self-administered scheme clients with more than £400m of assets under administration.

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Mr Brown told FTAdviser: "Like most other organisations, we would like to achieve continued growth across all areas of our business in 2017 - notably within the Sipp and small self-adminstered scheme portfolio, our employee benefits structure, and also funds under management through our wealth management arm.

"As ever, we will probably find ourselves having to be reactive to changes in both legislation and the economy as, while we have certainly seen some stability in pension rules from the Autumn Statement, there will no doubt be further potential changes during the year that we will have to take into account."

He said that additionally, ongoing political instability, inflation and upheaval over Brexit will no doubt create a challenging economic environment in which its investment team will have to operate and manage in order to continue to provide good returns for clients.

Mr Brown said aside from the firm's discretionary portfolios, which have continued to grow through funds under management, the firm's real estate investment trust continues to go from strength to strength with over £300m under management and the firm hopes to maintain this growth.

"Our newly-launched structured products fund should also help provide returns for clients in difficult economic situations, when cash is no longer any form of investment.

"While our business will naturally continue to grow through organic growth, aided by our consultancy team, we will, as ever, continue to consider acquisition opportunities during the year to increase the growth of our organisation, increasing our geographical footprint in the UK."

Mr Brown added with Mattioli Woods' new Leicester office due to open at the end of the year, he was hopeful the building project goes according to plan the firm can be in its brand new city centre headquarters.

"It’s a multi-million pound development that will provide state-of-the-art facilities for our clients and staff.  We also expect 150 new jobs to be created as a result of the move into the heart of the city."

ruth.gillbe@ft.com