Mattioli Woods wealth management revenues soar

Pension and wealth management consultancy specialist Mattioli Woods said full year revenue rose by a third while while wealth management revenues increased by nearly 50 per cent.

Pension and wealth management consultancy specialist Mattioli Woods said full year revenue rose by a third while while wealth management revenues increased by nearly 50 per cent.

The group, which provides financial advice to professionals, said revenue rose 33.3% to £20.48m for the year ended 31 May 2012 of which recurring revenues represent 63.2% compared to 67.5% in 2011. Assets under administration and advice rose 31.3% to £3.02bn.

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