Mattioli Woods to merge with Kingswood Group – Daily Business

Wealth management companies Mattioli Woods and Kingswood Group have unveiled a merger, with the combined firm serving more than 25,000 clients with £25 billion in assets under administration and advice (AUAA).

Pollen Street Capital, the private equity company that owns both firms, said it will bring enhanced capabilities across wealth planning, investment management, and client service.

Mattioli Woods embraces Maven Capital Partners, the Glasgow business it acquired in 2001.

Ian Mattioli, CEO and founder of Mattioli Woods Group, said: “Our stated long-term ambition is to become a national wealth management firm with £60bn in assets and up to 300 advisers. 

“Combining with Kingswood is a transformational moment and sees us accelerate our journey to achieve these goals.

“This deal brings together two highly complementary businesses with a shared commitment to putting clients first and delivering long-term value. We’ve admired Kingswood’s growth and reputation for some time. Together, we are creating a stronger, more dynamic business that is well-positioned for the future – for our clients and our people.”

Peter Coleman, CEO of Kingswood Group, added: “The combined business will accelerate our journey towards achieving our vision of having the scale to deliver a best-in-class wealth management service to our clients. 

“This is supported by our market leading DFM and IBOSS brands.  I am excited to combine with Mattioli Woods, who have a strong reputation of delivering broader services including group benefits and deep expertise in specialist pensions.”