Mattioli Woods eyes potential acquisitions

Following their increased profits to £5.6m, Mattioli Woods is considering potential acquisitions.
CEO Ian Mattioli commented: “Although there is some caution around markets, we believe the group is well placed to secure further growth, both organically and by acquisition, and further consolidation within our core markets remains likely.”
“Cash is invested to help organic growth, such as when we launched the structured products fund, but is also there if we find like-minded businesses.
“Which areas of the market we expand through acquisition depends on market conditions, when there is uncertainty, clients want us to advise them, and we do that.
“If the market conditions are different, then people make longer-term financial decisions, and that supports our investment management business.”
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