A Leicester-based wealth administration company has completed the acquisition of a Merseyside agency for £43.5m.
Mattioli Woods has procured Southport company Ludlow Wealth Management immediately after the offer been given acceptance by the Monetary Perform Authority.
The East Midlands company very first announced the news back again in May, alongside its intention to purchase London-headquartered Maven Funds Companions.
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On Monday, Ian Mattioli MBE, CEO, mentioned: “We are delighted to have finished the acquisition of Ludlow Wealth Administration.
“The Ludlow group shares our passion for delivering extraordinary customer results and this transaction provides to our distribution capability, notably in the North West.
“Completion of this acquisition, jointly with the just lately done acquisitions of Maven Cash Partners and Richings Monetary Administration, signifies meaningful actions toward our bold medium-expression targets, extending the Group’s current financial investment proposition and including scale, distribution and products to our client proposition.”

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The Merseyside firm has 61 workforce, together with 22 advisers running from offices in Fylde, Preston, Burnley, Liverpool and Southport. It manages £1.622m of assets for about 3,300 customers.
Mr Mattioli extra: “These acquisitions make us much better-positioned than at any time to give our purchasers with the proactive assistance and bespoke investment alternatives they require.
“We are pretty pleased to welcome the Ludlow Wealth Administration staff to the Mattioli Woods Team.”