DOCSLIB.ORG

"Mattioli Woods" Or "The Group")

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
RNS Number : 4145E Mattioli Woods PLC 04 July 2019 4 July 2019 Mattioli Woods plc ("Mattioli Woods" or "the Group") Trading Update, Directorate Change and Notice of Final Results Mattioli Woods plc (AIM: MTW.L), the specialist wealth management and employee benefits business, today issues the following trading update for the year ended 31 May 2019. The final results for the year will be announced on Tuesday, 3 September 2019. Highlights · Strong growth in adjusted EBITDA1 and adjusted PBT2 versus prior year · Lowered costs for our clients while maintaining EBITDA margin ahead of 20% target · Total client assets of the Group and its associate 3 increased to £9.4 billion at the year end · Gross discretionary assets under management4 of £2.6 billion, with net inflows of over £250 million during the year · Recent acquisitions performing and integrating well · Strong financial position, with cash of over £23 million · Post-year end appointments of Chief Compliance and Risk Officer and Group Finance Director Ian Mattioli, Chief Executive, comments: "I am pleased to report another year of sustainable profit growth, despite the ongoing political and economic uncertainties and generally poor investor sentiment over the 12 months ended 31 May 2019. "Our integrated business model allows us to address more of the value chain across advice, administration, platform, investment management and product provision. We have used the resultant economies of scale and operational efficiencies to reduce clients' costs, while delivering sustainable returns for our shareholders. "The Financial Conduct Authority's evaluation of the Retail Distribution Review ("RDR") and the Financial Advice Market Review ("FAMR") may lead to regulatory pressure on the sector to reduce the cost to consumers. Our long-term aim continues to be to reduce clients' total expense ratios towards 1%, meaning we are well-positioned as the market changes and evolves. "Throughout the period we maintained our focus on client service and developing our proposition. As previously communicated, a combination of the Group reducing costs for our clients and the general market conditions led to slightly lower than expected revenue for the year. However, the financial impact of this has been more than offset by the realisation of operational efficiencies and other planned administrative cost savings, resulting in profit growth in line with expectations and EBITDA margin for the year tracking substantially ahead of our 20% target. "By putting clients first we are able to build a business that is sustainable over the long term. The last year saw several operational achievements within the business, including: · A seamless move to our new freehold office in Leicester, incurring significantly lower downtime and relocation costs than anticipated. This development allows us to benefit from future rental savings of approximately £0.85 million per annum, whilst providing the capacity for future growth; · The implementation of a cloud-hosted IT architecture across the Group; · The introduction of an integrated human resource management and payroll system; · The launch of a refreshed Mattioli Woods' brand; · Implementation of changes to the regulatory regime (General Data Protection Regulations ("GDPR") and the Markets in Financial Instruments Directive II ("MiFID II")) and preparation for the introduction of the Senior Managers and Certification Regime; and · Continued investment to improve our client and service proposition. "As part of our normal planning, we monitor the Group's capabilities and assess what new skills are necessary to strengthen the business over time, taking account of the existing balance of knowledge, experience and diversity. This year, we have implemented a number of changes which place the business in a strong position. "Following the completion of rigorous recruitment processes, I am delighted to announce the appointment of James Wilson as Chief Compliance and Risk Officer, and the appointment of Ravi Tara to the new role of Group Finance Director (a non-plc board position), reporting to the Chief Financial Officer. "James has over 30 years' financial services experience, including roles at the Law Society of Scotland, the Financial Services Authority and senior positions at IFG Group, Royal Bank of Scotland Group, Standard Life, TD Wealth International, Speirs & Jeffrey and FNZ, and has a strong background in pensions, investments, property and financial planning. His appointment will help us to build upon the strong compliance culture we already have in place. "Following the further expansion of the Group and its operations we have created the new role of Group Finance Director, with responsibility for the oversight of the Group's financial systems and controls. Ravi's experience of improving operational delivery and cost efficiency in previous roles with Capita plc, Weetabix Food Company, JP Morgan, Barclays Capital and PwC, will add real value to our proposition as we position the Group for further growth. "We have continued to progress our strategic initiatives and in March were delighted to announce the acquisition of SSAS Solutions (UK) Limited, which is based in Belfast and acts as SSAS practitioner to over 350 schemes with approximately £380 million of assets under administration. This followed the acquisition of Broughtons Financial Planning Limited in the first half of the financial year, which has integrated well and contributed positively to our trading results since acquisition. We will seek to build on our track record of successful acquisitions by continuing to assess opportunities that meet our strict criteria. "Given the success of the joint venture, we believe the Group retaining a minority interest in Amati Global Investors Limited ("Amati") is the optimal structure for all stakeholders and last month we announced the cancellation of our option to acquire the remaining 51% of Amati in return for a payment of £0.75 million from the management team. Amati is an excellent fund manager that has performed strongly since Mattioli Woods' initial investment. Over this period, Amati has seen gross funds under management5 grow from £120 million to over £452 million at the year end, won numerous industry awards, and the TB Amati UK Smaller Companies fund has been rated by three major fund research houses. As a result of Amati's strong performance the Group's share of its profits has increased year-on-year." Directorate change Murray Smith, Group Managing Director, has decided to stand down from the Board at the Company's next Annual General Meeting on 21 October 2019. Murray will continue in a full-time role as Founder Director to the Group and his focus will be on his client portfolio, acquisitions and acting as an ambassador for Mattioli Woods. Murray has been instrumental to the success of the Group and in this new role we will continue to benefit from his experience and insight. The period from now to the Annual General Meeting provides for a considered handover of Murray's management responsibilities to our Deputy Group Managing Director, Michael Wright. The Board remains committed to developing the corporate governance and management structures of the Group to ensure they continue to meet the changing needs of the business. Following Murray stepping down as a director the Company will have a Board comprising a majority of independent directors, which we believe represents the right governance structure for the business. Ian Mattioli, Chief Executive, comments: "Whilst political and economic uncertainty might continue to impact investor sentiment in the short term, we are confident that our focus on addressing the changing needs of our clients means we are well-positioned to deliver further growth. The opportunity for Mattioli Woods is significant, as people seek to take charge of their money and manage it multi- generationally. At the same time, savings and investments are becoming more complicated. Clients need long-term advice and strategies more than ever before and we will continue to provide quality solutions, with our focus on client service and the inherent agility within our business model allowing us to continue to adapt to the changing wealth and asset management marketplace. "Over the last few months we have seen some positive momentum starting to build, with greater client activity and increasing inflows into the bespoke investment services the Group has developed. I expect the Group to secure organic revenue and profit growth in this new financial year, while progressing our acquisition strategy, where further consolidation within our core markets remains likely. I believe we are well-positioned to take advantage of these opportunities and progress further towards the ambitious longer-term goals we have set." Notice of Final Results Mattioli Woods will be announcing its final results for the year ended 31 May 2019 on Tuesday, 3 September 2019. An analyst briefing given by Ian Mattioli, Chief Executive and Nathan Imlach, Chief Financial Officer will be held at 09:30 hrs on 3 September 2019 at Canaccord Genuity Limited, 88 Wood Street, London, EC2V 7QR. Those analysts wishing to attend are asked to contact Ed Gascoigne-Pees at Camarco on +44 (0) 20 3757 4984 or at [email protected]. 1. Earnings before interest, taxation, depreciation, amortisation, impairment, changes in valuation of derivative financial instruments and acquisition-related costs, including share of profit from associates (net of tax). 2. Profit before tax, adding back amortisation and impairment of acquired intangibles, acquisition-related costs and changes in valuation of derivative financial instruments. 3. Includes £383 million of funds under management by the Group's associate, Amati Global Investors Limited, excluding £58 million of Mattioli Woods' client investment and £12 million of cross-holdings between the TB Amati Smaller Companies Fund and the Amati AIM VCT. 4. Includes £453 million of funds under management by the Group's associate, Amati Global Investors Limited, including £58 million of Mattioli Woods' client investment and £12 million of cross-holdings between the TB Amati Smaller Companies Fund and the Amati AIM VCT.
Load more

Recommended publications
  • Custodian REIT Q2 NAV and Outlook
    Custodian REIT Q2 NAV and outlook Delivering on income target Real estate 20 December 2019 Custodian REIT’s (CREI’s) diversified portfolio of UK commercial real estate delivered a positive total return in H120 despite challenges in the Price 114p retail sector. Current-year quarterly DPS has increased by 1.5% and CREI Market cap £470m targets a fully covered DPS of 6.65p for the year, barring unforeseen circumstances. The company targets further sustainable growth through Net debt* (£m) at 30 September 2019 112.2 accretive acquisitions and active management of the existing portfolio. *Excludes restricted cash Net LTV at 30 September 2019 20.5% Net rental EPRA EPRA EPRA DPS P/NAV Yield Shares in issue 411.5m Year end income (£m) earnings* (£m) EPS* (p) NAVPS (p) (p) (x) (%) Free float 92% 03/18 33.2 25.2 6.94 107 6.45 1.06 5.7 03/19 37.6 28.5 7.26 107 6.55 1.06 5.7 Code CREI 03/20e 38.1 28.5 6.98 105 6.65 1.09 5.8 Primary exchange LSE 03/21e 39.4 29.7 7.20 105 6.72 1.08 5.9 Note: *EPRA EPS excludes revaluation gains/losses and other exceptional items. Secondary exchange N/A Share price performance Diversified income-focused strategy CREI has a balanced portfolio of regional UK commercial real estate, diversified by sector, location, tenant and lease term. It is focused on institutional quality assets but with lot sizes of less than £10m, where the investment manager believes it has a competitive advantage.
    [Show full text]
  • Twenty Nineteen Annual Report & Financial Statements 2019 Annual Report & Financial Statements 2019 Page 1
    Leicester Football Club Plc twenty nineteen Annual Report & Financial Statements 2019 Annual Report & Financial Statements 2019 Page 1 Contents Directors and Officers 2 Strategic Report 3 - Chairman’s Statement 3 - Business Review 4 Professional Advisers 6 Directors’ Report 7 Statement of Directors’ Responsibilities in respect of the Financial Statements 9 Independent Auditors’ Report to the Members of Leicester Football Club Plc 10 Consolidated Profit and Loss Account 15 Consolidated Statement of Comprehensive Income 15 Consolidated and Company Balance Sheets 16 Consolidated Statement of Changes in Equity 17 Company Statement of Changes in Equity 17 Consolidated Statement of Cash Flows 18 Notes 19 Annual Report & Financial Statements 2019 Page 2 Directors and Officers PETER TOM CBE SIMON COHEN Executive Chairman Chief Executive Officer Peter has been Chairman of the club for over 20 years, Tigers’ Head of Rugby Operations since 2005, Simon having made 130 appearances between 1963 and 1968. joined the board of directors in 2011 and was appointed He is a director of Premier Rugby Limited and Jacksons as Chief Executive Officer in January 2012. Previously a (CI) Limited. Peter’s previous roles include Executive sports lawyer and partner at James Chapman & Co in Chairman of Breedon Group plc and Chief Executive, Manchester, Simon represented the England Rugby team, (latterly Chairman) of Aggregate Industries. In 2006 he was awarded a CBE the Rugby Players’ Association and British and Irish Lions players. He also set for services to Business and Sport. He holds an Honorary Degree from up Rugbyclass, a nationwide rugby coaching company and was an agent for a De Montfort University and in 2018 was awarded an Honorary Degree by the number of England players, including Jonny Wilkinson.
    [Show full text]
  • Annual Report 2018
    Annual Report 2018 Annual reporting is a key part of providing effective communication to our stakeholders. We are proud to present our latest results in this Report ii Mattioli Woods plc Annual Report 2018 Highlights Welcome to Mattioli Woods Revenue EBITDA margin Total client assets1 £58.7m 21.6% £8.73bn 2017: £50.5m +16.2% 2017: 20.6% 2017: £7.93bn +10.1% EBITDA2 Adjusted EBITDA3 Profit before tax £12.7m £12.5m £9.8m 2017: £10.4m +22.1% 2017: £10.8m +15.7% 2017: £7.7m +27.3% Basic EPS Adjusted EPS4 Proposed total dividend 31.2p 37.0p 17.0p 2017: 24.5p +27.3% 2017: 33.3p +11.1% 2017: 14.1p +20.6% Operational highlights and recent developments Financial highlights » Reducing client costs while » 134 (2017: 115) consultants at » Organic revenue growth5 of 15.6% maintaining target EBITDA margin: year end (2017: 11.6%) » Lowered custody charges » Recent acquisitions » Recurring revenues6 of 84.8% for all clients using performing well (2017: 85.1%) our core investment platform » Extending strategic geographic » Adjusted EBITDA margin of 21.3% » Gross discretionary AuM footprint: (2017: 21.4%) up 29.3% to £2.34bn » Moved to new Manchester » Strong financial position with net (2017: £1.81bn) office in May 2018 cash7 of £20.2m (2017: £23.0m) » £115.4m (2017: £98.4m) » Opening new Edinburgh office inflows into the Mattioli Woods in September 2018 Structured Products Fund » Moving to new Leicester office » £103.8m inflows into Amati in October 2018 funds » Continued investment in » £49.1m (2017: £76.0m) of new technology, compliance equity raised
    [Show full text]
  • Pillar 3 May 2020
    PILLAR 3 DISCLOSURES | MAY 2020 Contents 1 EXECUTIVE SUMMARY .......................................................................................................................................................... 3 1.1 MATTIOLI WOODS GROUP, ICAAP AND PILLAR 3 DISCLOSURES ....................................................................................................................................... 3 1.2 CAPITAL RESOURCE REQUIREMENT AND CAPITAL SURPLUS ................................................................................................................................................... 4 1.3 NON-MATERIAL, PROPRIETARY OR CONFIDENTIAL INFORMATION....................................................................................................................................... 4 1.4 FREQUENCY OF DISCLOSURE ....................................................................................................................................................................................................... 5 1.5 MEANS OF DISCLOSURE ............................................................................................................................................................................................................... 5 2 BACKGROUND ....................................................................................................................................................................... 6 2.1 KEY BUSINESS ACTIVITIES ............................................................................................................................................................................................................
    [Show full text]
  • Why Should You Invest in a Structured Product Fund?
    FOR MATTIOLI WOODS CLIENTS JUNE 2016 managingwww.mattioliwoods.com WEALTH GOOD FOUNDATION Why should you invest in a structured product fund? also in this issue... Private Investors Club Pension freedoms Finance for children Property ownership ISAs - a love story Venture capital trusts INVESTMENTS INVESTMENTS FEATURE PENSIONS FEATURE PROPERTY SAVINGS INVESTMENTS Structured Structured Private Pension Children Property ISAs Venture Capital product fund product return investors club freedoms finance ownership Trusts A GOOD FOUNDATION Why should you invest in a structured product fund? Mark Fuller, Head of Structured Products The benefits of structured products within a diversified portfolio are easy to explain. Investing in structured products can give the buyer returns that are uncorrelated to the performance of the usual benchmarks, such as the FTSE100 or the S&P 500; they can also provide leverage, so an underlying asset that moves 1% can provide a return of much more than 1% if bought as part of a structured product. At Mattioli Woods, we have used UK inflation and the movement of house prices to provide returns for our structured products. Return on these underlying assets and many others are difficult for investors to access directly, but can be easily provided via a structured product. The final benefit, the return of the initial investment, can be demonstrated by Mattioli Woods’ track record in structured products. Over the last 10 years, 45 of the structured products we have put together for our clients have matured. Of these, 82.23% have paid a positive return, 13.33% have returned the investor’s original investment and just 4.44% have returned less than the original investment.
    [Show full text]
  • Occupier Focused, Opportunity Led
    Picton Property Income Limited Annual Report 2020 Occupier focused, Opportunity led. Picton Property Income Limited Annual Report 2020 Picton Property Income Limited Business Overview Welcome AnnualReport 2020 Welcome to our 2020 Annual Report Driven by our occupier focused, opportunity led approach, we acquire, create and manage buildings for a wide range of commercial occupiers. By applying insight, agility and a personalised service, we provide attractive, well-located spaces to help our occupiers succeed. Contents Business Overview Financial Statements Welcome Independent Auditor’s Report 88 2020 Highlights 2 Consolidated Statement of Comprehensive Income 91 Picton at a Glance 4 Consolidated Statement Chairman’s Statement 6 ofChangesin Equity 92 Strategic Report Consolidated Balance Sheet 93 Business Model 8 Consolidated Statement of Cash Flows 94 Our Marketplace 10 Notes to the Consolidated Financial Statements 95 Our Strategy 14 Chief Executive’s Review 16 Additional Information Key Performance Indicators 24 Supplementary Disclosures 112 Portfolio Review 28 Property Portfolio 116 Financial Review 38 Five Year Financial Summary 117 Principal Risks 41 Glossary 118 Being Responsible 46 Financial Calendar 119 Section 172 Companies Act 2006 Shareholder Information 120 Statement 52 Governance Chairman’s Introduction 54 Board of Directors 56 Our Team 58 Corporate Governance Report 60 Nomination Committee Report 64 Audit and Risk Committee Report 66 Visit our website www.picton.co.uk Remuneration Report 69 Property Valuation Committee Report 84 Directors’ Report 85 Picton Property Income Limited Investment AnnualReport 2020 Rationale 1 2 3 OverviewBusiness Opportunity for income Diversified exposure to the UK Established a track record of and capital growth. commercial property market. outperformance.
    [Show full text]
  • Annual Report 2019 Contents South East 32.4%
    Annual Report 2019 Contents South East 32.4% Leisure 1.8% Industrial High Street - 45.6% South East 5.1% Business Overview Retail Rest of UK 13.2% and Leisure Office Welcome 1 High Street - 20.1% ––––––––––––––––––––– Rest of UK 5.0% 34.3% 2019 Highlights –––––––––––––––– 2 South East 19.3% Retail Warehouse 8.2% Picton at a Glance ––––––––––––– 4 Chairman’s Statement –––––––––– 6 City & West End 4.2% Rest of UK 10.8% 4 Picton at a Glance Strategic Report Our Marketplace –––––––––––––– 10 Our Business Model ––––––––––– 14 Our Strategy in Action ––––––––– 16 Enhancing Value and Income ––– 18 Investing in our Properties –––––– 20 Working with our Occupiers ––––– 22 Chief Executive’s Review ––––––– 24 Key Performance Indicators –––– 26 Portfolio Review ––––––––––––––– 28 Financial Review –––––––––––––– 40 Chairman’s Statement 6 Managing Risk ––––––––––––––– 43 Being Responsible –––––––––––– 46 Governance Creating a Chairman’s Introduction –––––––– 54 diverse portfolio Board of Directors –––––––––––– 56 occupieroccupieer focusedfo Our Team –––––––––––––––––––– 58 Depth of Proactive asset expertise management Corporate Governance Report –– 62 opportopportunityrtunitity led Audit and Risk Committee Report –––––––––––– 67 Stable recurring income Nomination Committee Report –– 70 Property Valuation ­ Committee Report ––––––––––––– 72 Remuneration Report –––––––––– 74 Directors’ Report ––––––––––––– 92 Shareholders Financial Statements Occupiers Independent Auditor’s Report ––– 98 Consolidated Statement of Comprehensive Income –––– 102 Communities
    [Show full text]
  • 2016 Mattioli Woods Plc / Annual Report 2016 / Strategic Report Welcome
    A world in which financial advice is trusted, thoughtful and enriching Annual Report 2016 Mattioli Woods plc / Annual Report 2016 / Strategic report Welcome Mattioli Woods plc Mattioli Woods is one of the UK’s leading providers of wealth management and employee benefit services, with total assets under management, administration and advice of over £6.6bn Great people Great potential We have created a business our clients are proud to be a part of, and our people feel proud to work for. We are investing in training, building capacity and our technical expertise. We pride ourselves in our community, supporting staff and local and national charity initiatives. See more on page 22 A platform for sustainable growth We also welcomed 76 new employees to the Group as part of the acquisitions completed during the period. As an Investors in People company we are committed to developing our people and building the capacity to deliver sustainable growth. Once complete, our new office in Leicester will provide our staff there with a modern working environment and capacity for further growth. See more on page 08 Strategic report 01-23 Governance 24–43 Financial statements 44-92 Mattioli Woods plc / Annual Report 2016 / Strategic report Highlights Revenue Adjusted EPS2,3 £43.0m 31.0p (2015: £34.6m) 24.3% (2015: 27.2p) 14.0% Adjusted EBITDA1 Proposed total dividend £9.3m 12.5p (2015: £7.4m) 25.7% (2015: 10.5p) 19.0% Financial highlights Strategic report 01-23 • Adjusted EBITDA1 up 25.7% to £9.3m (2015: £7.4m): Highlights 01 – Adjusted EBITDA margin1
    [Show full text]
  • Annual Report 2019
    Annual Report 2019 We are one of the UK’s leading providers of wealth management and employee benefit services. Discover Mattioli Woods Welcome Delivering great outcomes Mattioli Woods is one of the UK’s leading providers of wealth management and employee benefit services, with total assets under management, administration and advice of £9.4bn (2018: £8.7bn) Highlights Revenue Recurring revenues1 Operating profit before financing +2.1% £58.5m 90.2% £9.8m 2018: £58.7m 2018: 84.8% 2018: £9.6m £0.1m (2018: £0.5m) gained on revaluation of Amati option Adjusted EBITDA2 +16.0% Profit before tax +4.1% Adjusted profit before tax4 +8.8% £14.5m £10.2m £12.3m 2018: £12.5m 2018: £9.8m 2018: £11.3m Adjusted EBITDA margin3 of 24.8% (2018: 21.3%) Basic EPS Adjusted EPS5 +8.4% Proposed total dividend +17.6% 30.8p 37.3p 20.0p 2018: 30.8p 2018: 34.4p 2018: 17.0p 1 Annual pension consultancy and administration fees; ongoing adviser charges; level and renewal commissions; Net cash6 banking income; property, discretionary portfolio and other annual management charges. 2 Earnings before interest, taxation, depreciation, amortisation, impairment, changes in valuation of derivative financial instruments and acquisition-related costs, including share of profit from associates (net of tax). 3 Adjusted EBITDA divided by revenue. 4 Before acquisition–related costs, amortisation and impairment of acquired intangibles, changes in valuation £23.2m of derivative financial instruments and notional finance income and non-cash interest charges on provisions. 2018: £20.2m 5 Adjusted profit after tax used to derive adjusted EPS is calculated as adjusted profit before tax less income tax at the standard rate of 19.0% (2018: 19.0%).
    [Show full text]
  • Download Fact Sheet
    Local Knowledge - Worldwide Network Think global act local! MATTIOLI WOODS PLC Specialties Employee Benefits Oil & Gas Benchmarking Corporate employee benefits Chemical & Pharmaceutical Employee Engagement consultancy founded in 1991. Automotive & Autoparts Retirement Plan Services Energy Specialty Programs Providing due Cyber Personal Risk Services diligence,employee benefits and Real Estate Medical & RX wealth management advice to Financial Products corporate and individual clients Media & Entertainment Consultancy Risk Management REPRESENTING throughout the UK and The United Kingdom Employee Benefits Claim Management internationally. Mattioli Woods Workers' Compensation Alternative Risk Transfer has built a reputation for quality Health Care Mergers & Acquisitions advice and service on an ability Pension Captives GLOBAL HEADQUARTERS to provide clear, concise, and Group Accident HR Consultancy Disability Benchmarking 1 New Walk Place innovative ideas to clients Executive Benefit Plans Leicester, England LE1 6RU through a long term approach of Business Succession Risk Management United Kingdom fully understanding our clients' Key Man Insurance International +44 161 696 5760 Partnership Insurance Program Design & Risk needs, wants and aspirations and then prioritising objectives. Life Financing [email protected] Travel www.mattioliwoods.com Authorised and regulated by the Dental Health Strategies UK Financial Conduct Authority Other Fringe Benefits Wellness Plans Mattioli Woods is a leading Vision Health Education AT A GLANCE provider
    [Show full text]
  • Focused Pensions and Wealth
    February 2019 Focused Pensions and Wealth HOW SAFE IS MY PENSION PROVIDER? Also in this issue... A look at death in service policies and the possibility for further tax charges Income tax planning in residential property portfolios Auto-enrolment: more to be done? www.mattioliwoods.com Welcome Hello, and welcome to the February 2019 edition of Focused Pensions and Wealth, the newsletter Alex Brown created exclusively for you, our vital professional Wealth Management Director connections. at Mattioli Woods Made up of content from wealth management consultants / alex-brown-0ba5262 across the company, we hope you find it useful, informative and of interest – you are a big part of what we do here at Mattioli Woods, so have put this together with the best interests of both you and your client in mind. If you have any queries or questions on anything within this newsletter, please contact the consultant(s) you work with. Alternatively, you can email [email protected] or telephone 0116 240 8700. We would value your feedback on this newsletter, too, which you can send to [email protected]. Our contributors Chetan Mistry Jack Silk Wealth Management Consultant Wealth Management Consultant /chetan-mistry-dippfs-ab764053 /jack-silk-679baa1 Mattioli Woods: working with you and your clients At Mattioli Woods, we know that fundamental to our success is the internal structure that enables us to provide a tailored, technical and professional service not only to our clients but also to you, our introducers – we know your relationship with your client is important, and by offering a personalised service, we find ways to work with you to enhance and support your existing relationship.
    [Show full text]
  • Newmarket Buckingham Preston – Taylor Patterson Solihull – MC Trustees
    Newmarket Buckingham Preston – Taylor Patterson Solihull – MC Trustees With drive and passion, four people started Atkinson Bolton Consulting (ABC) in January 2001 with no At a time in the eighties when music was ‘new wave’ and so was the hair, Scott Boyd left the Life Association In 1979, Nigel Taylor and John Patterson met in a café on St Ann’s Square in Manchester to discuss setting Back in 1989 Martin Cadman established MC Trustees as a dedicated pension trustee and administrator and clients. Just five years after starting out, the fabulous four had grown to a terrific twenty with a client list to of Scotland (now part of Phoenix) to join forces with Finbarr Coughlan to form Boyd Coughlan Ltd, an up a business specialising in pensions. An hour after scribbling on napkins, Taylor Patterson was born. The in 1995 employed three members of staff in order to make the switch to specialising in SIPP administration be proud of. independent company providing financial advice. They operated from a Georgian town house in West business initially began trading above a shop in Kirkham. offering a bespoke service tailored to client needs. The launch of a fund, Thoroughbred Core Alpha, came in 2009, further cementing what many were Street, Buckingham. In 1990, Taylor Patterson moved to larger premises and its current location in the business area of Winckley Having now grown to 26 members of staff and outgrown three offices, the culture today remains the same beginning to realise – this was a serious business. Clients have seen great performance of asset values, had By 2007 Boyd Coughlan had outgrown their Hunter Street premises and relocated to their current home in Square, Preston.
    [Show full text]