Mattioli Woods reports strong growth

Mattioli Woods has issued a trading update in advance of its interim results for the six months ended 30 November 2016, which are to be announced on Tuesday, 7 February 2017.

HIGHLIGHTS:

- Strong growth, with revenues up over 20% on prior year

- Total client assets at period end of over £7.5 billion

- Maintaining target EBITDA margin

- Recent acquisitions performing and integrating well

- Strong financial position, with net cash of over £22 million

- Acquisition of MC Trustees in September 2016

- New Manchester office opened in November 2016

- Appointments of Chief Investment Officer and Head of Risk Management and Compliance

- Over £47 million now invested in new Structured Products Fund