Ian Mattioli
Paul Zinchenko

Paul Zinchenko

Paul is an online news editor. He he has written extensively about education, parenting, sustainability, and politics.
Paul Zinchenko

Wealth management group Mattioli Woods is expecting a surge in demand for its services as a result of Brexit.

The comments were made as part of a trading statement ahead of the company releasing its full-year results for the 12 months to 31 May 2016.

Chief executive Ian Mattioli said: “As in previous times of change, we expect a natural increase in the demand for high-quality financial advice.

“Our proposition as adviser, product provider and asset manager positions us well to deal with the challenges of changing investment markets to secure better outcomes for our clients.”

Mattioli added that the company’s property investment subsidiary Custodian will remain “attractive” to investors due to low interest rates.

“Post referendum, Custodian REIT plc has maintained a premium to net asset value, offering both a high level of income dividend and a low correlation with the FTSE.”

Mattioli Woods will report its financial results in September, with revenue expected to be 20 per cent higher than 2015. Total client assets were also up by 22 per cent to £6.6bn at its year-end.

“Our focus is on ensuring we continue to address our clients’ changing needs and our ambition is to see our brand become an even stronger force in the UK financial services sector,” Ian said.

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“I am delighted with the performance of our business in the ten years since our admission to AIM and I believe Mattioli Woods’ capabilities as adviser, provider and asset manager position us well to secure further profitable growth going forward.”

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