Mattioli Woods restarts employee bonus payments after 'decisive action' during pandemic

Client assets cross £10bn threshold

Mattioli Woods has increased total client assets beyond the £10bn milestone in 2020 and has already been able to restore bonus payments to the majority of its employees, despite the difficult economic environment caused by the pandemic.

In its latest trading update for the six months to the end of November 2020, the firm announced it had grown its total client assets to £10.6bn, while gross discretionary assets under management reached £2.9bn. CEO Ian Mattioli said that revenue was slightly lower than for the same period last year, "as anticipated", "due to the adverse impact of weaker financial markets and the suspension of certain statutory requirements for pension schemes resulting in lower fee-based revenues". Ex-Premier Miton UK equities head White joins Mattoli Woods However, he added that "continued cost ma...