Ian Mattioli

Mattioli Woods is acquiring the Edinburgh-based firm from its shareholders for an initial £960,000 and potential further consideration of up to £640,000 dependent on meeting performance targets in the two years after completion of the deal.

Founded in 2000, Caledonia provides wealth management services, primarily focusing on lifestyle financial planning, pensions and retirement planning, ISAs, life assurance, critical illness, income protection and personal tax planning. They currently have around 150 private clients with over £55 million of assets under advice, making them the perfect fit to join the Mattioli Woods family.

Gordon Forbes and Pauline Forbes, Caledonia’s directors, said: “This is a very positive step for everyone associated with Caledonia, especially our clients and employees. Mattioli Woods shares our core values and client-centred business ethos and so we are delighted to become part of the Mattioli Woods group.

Combining our strengths will allow Caledonia clients and employees to benefit from the considerable additional resources and support available as part of the Group, enabling our team to enhance and expand the bespoke personal service our clients expect from us. We are very much looking forward to this exciting new phase.”

Ian Mattioli, CEO and co-founder of Mattioli Woods, added: “We are delighted to welcome Gordon, Pauline and their experienced team as part of Mattioli Woods. Caledonia is a great fit for us both culturally and operationally, serving a similar client base to that of our existing business. This is an important strategic step for the Group, extending the geographic footprint of our wealth management business in Edinburgh.”