Mattioli Woods Plc  

Mattioli Woods expands into Northern Ireland

Mattioli Woods expands into Northern Ireland

Mattioli Woods has acquired a Belfast-based small self-administered scheme (Ssas) specialist, kicking off its expansion into Northern Ireland. 

Established in 2009, Ssas Solutions is the largest independent specialist in Northern Ireland providing pension administration and trustee services to more than 350 clients. 

The business has approximately £380m in assets under administration. 

Mattioli Woods plans to further expand operations in the region and introduce self-invested personal pensions, making Ssas Solutions the only company offering Sipps and Ssas products in Northern Ireland. 

Murray Smith, group managing director at Mattioli Woods, said: "We are thrilled to welcome the Ssas Solutions team into the Mattioli Woods family.

"A great opportunity to build on the success of an established business in Northern Ireland – where we already have a number of clients – we’ve known Michael and Allison for a number of years and have huge respect for the technical expertise their team offers. 

"Their well-regarded skills and knowledge will be a valuable addition to our growing business, serving to further strengthen our services to clients and customers throughout Northern Ireland. We look forward to welcoming them to our expanding team."

Allison Chambers and Michael Galway, director-owners of Ssas Solutions, said: "Being part of the Mattioli Woods group provides us with an additional resource and group support to enable the business to grow while still maintaining our strong client values, which also mirror those of Mattioli Woods." 

In its 28-year history Mattioli Woods has grown into 10 UK locations. It now employs more than 600 people with assets under management, administration and advice of £8.8bn.

In August last year, Mattioli Woods bought West Midlands advice business Broughtons Financial Planning for £4m in cash and shares.

In its six month results to the end of November 2018, the wealth manager posted an increase in profits of £5.6m and confirmed it would continue to grow, both via acquisitions and organically.