MATTIOLI WOODS saw its revenue and profits increase during the first half of its financial year.

The Leicester-headquartered wealth manager has reported revenue of £59.1m for the six months to November 30, 2023, up from the £54.9m it achieved during the same period in 2022.

New-filed figures with the London Stock Exchange also show its pre-tax profits rose from £4.7m to £7.6m.

Mattioli Woods said there had been an "increased demand for high-quality wealth management and financial planning advice driven by proposed pension and investment reforms and market conditions" Chief executive Ian Mattioli said: "The first half of the financial year has seen the group deliver a resilient trading performance against a complex macroeconomic backdrop.

"Our trading outlook for the year remains in line with management's expectations and we believe the group remains well-positioned to take advantage of the growth opportunities in the UK wealth market and deliver sustainable returns for our stakeholders."

(c) 2024 City A.M., source Newspaper