Cost cutting helped SIPP provider Mattioli Woods maintain modest profit growth over the past 12 months in the face of market challenges and a dip in revenue.
Mattioli Woods group managing director Murray Smith is to stand down, the firm has revealed today.
Mattioli Woods, the wealth manager and SIPP firm, has made 18 staff redundant from a workforce of 622 as it pushes through “operational efficiencies” following a period of rapid expansion and acquisition.
SIPP provider and wealth manager Mattioli Woods has today reported interim revenue up 16.9% to £28.4m (H1.2017: £24.3m) in the six month period ended 30 November 2017.
Mattioli Woods, the wealth management, SIPPs and employee benefits business, has build up a substantiall cash pile of £23m which it may use to fund further acquisitions, is says.
SIPP specialist and wealth manager Mattioli Woods has slimmed down its board in an overhaul that will see two directors step down.
Sipps specialist and wealth manager Mattioli Woods has announced a deal to buy specialist fund manager Amati Global Investors Limited from Amati Global Partners LLP for £3.33m.
Co-founder of Sipps firm Mattioli Woods, Bob Woods, will step down as executive chairman next year to take on a new role.
Mattioli Woods' subsidiary City Pensions has acquired the pension admin business of UK Wealth Management, part of Ashcourt Rowan, for up to £355,000.
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