Ian Mattioli

In its final audited results for the year ended 31 May 2022, the firm revealed “strong organic revenue growth” up 10%, to £62.2m, compared to £56.6m in 2021.

The total client assets of the group and its associates rose 23.1%, to £14.9 billion, from £12.1bn in 2021.

Mattioli Woods also highlighted the positive contribution from acquisitions of £46.1m, and announced increased levels of new client wins reaching 1,084, which the firm said reflected investment in business development initiatives.

In the same period, adjusted EBITDA increased 88.4% to £32.6m (2021: £17.3m), including the firm’s post-tax profit of its associate Amati Global Investors, which grew 45.5% to £1.6m (2021: £1.1m). The adjusted EBITDA margin also rose to 30.1% (2021: 27.7%).

Ian Mattioli, chief executive officer, said: “The last financial year was another turbulent period for clients, which served to reinforce our commitment to putting clients first, developing our service offering and building a business that is sustainable and resilient over the long-term.

“We plan to maintain this positive momentum, advancing our strategic initiatives: new business generation, growth through the integration of acquisitions, developing new products and services, reviewing our processes and investing in technology to deliver an improved client experience and further operational efficiencies.

“Investment markets are likely to remain volatile for some time, although the spectre of rising inflation typically creates significant advice opportunities given our diverse revenue streams and for further investment inflows as existing and prospective clients consider appropriately investing surplus cash to avoid suffering an erosion in value of savings in real terms.”

He concluded: “We will continue to seek to understand our clients’ needs and provide quality solutions, maintaining our focus on client service and continuing to adapt our business model to the changing market, integrating asset management and financial planning.”