1st Dec 2015 08:49
LONDON (Alliance News) - Mattioli Woods PLC, a wealth manager and employee benefits business, on Tuesday said it is confident in the outlook for the remainder of its financial year, after seeing double-digit revenue growth in the opening months.
Issuing an update ahead of interim results for the six months ended November 30, Mattioli Woods said it saw revenue growth of more than 16% in the first five months of its financial year.
Chief Executive Ian Mattioli said the company is enjoying strong demand for financial advice amid a backdrop of big changes in investment markets and pensions.
Total client assets now exceed GBP6.5 billion, the company said, versus GBP5.4 billion at the end of its last financial year.
Shares in Mattioli Woods were up 1.3% at 644.00 pence on Tuesday morning.
By Samuel Agini; [email protected]; @samuelagini
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