Mattioli Woods revenue up 12.7%

Pension and wealth management consultancy Mattioli Woods boosted revenues by 12.7% to £7.43m in the six months to 30 November.

Interim results for the consultancy today show its gross profits are up 12% from £2.16m to £2.42m.

Total funds under trusteeship by Mattioli Woods rose 27.7% to £2.03bn, from £1.59bn in H1 2010.

"I am very pleased to report a strong set of interim results, with continued progress across the group and double digit growth in revenue and profits," says Bob Woods, executive chairman, Mattioli Woods.

The consultancy acquired CP Pensions in May last year and City Trustees in August.

"Our newly acquired businesses are performing well and our ambition to continue expanding our operations, both organically and by further strategic acquisitions, remains on track," Woods adds.

"Against the backdrop of an increasingly sophisticated market in which consumers will seek trusted, competent and impartial advisers, I am confident our strategy to develop broader wealth management services, complementary to our core pensions services, will match this changing market demand and deliver strong sustainable growth."