Wealth manager Mattioli Woods saw total client assets across the group hit £14.9bn for the year ended 31 May 2022, up from £12.1bn in the previous year.
A trading update ahead of its final results also said gross discretionary assets under management were £5.1bn, an increase of 25% on the prior year, with over £340 million of net inflows during the year.
It added its recent acquisitions were "performing ahead of budget and integrating well," having acquired Ferguson Financial Management in May 2022.
Chief Executive Ian Mattioli (pictured) said: "The last financial year was another period of economic and market uncertainty, throughout which we remained true to our purpose of putting clients first. I am pleased to report this focus has delivered strong revenue and profit growth, representing meaningful progress towards our ambitious strategic goals."
He added: "Revenue was up over 70% on the prior year, reflecting the contribution of recent acquisitions and double-digit organic growth, with the increased levels of new business written and a strong pipeline of new business enquiries offsetting the impact of negative market movements on the value of client assets.
Acquisitions
The firm completed its two largest acquisitions to date during the period, Maven Capital Partners (Maven) and Ludlow Wealth Management (Ludlow).
"Acquisitions completed during the year, together with those completed in the prior year continue to trade ahead of our initial expectations," said the CEO.
"Maven generated a number of significant performance fees as a result of successful fund, VCT and investor partner exits, highlighting the quality of its investment proposition and further supporting the acquisition rationale. Maven continues to realise cross-selling revenue synergies within the Group, with further new investment opportunities in development.
"The Ludlow team continues to engage with our discretionary portfolio management and other investment services, with opportunities to realise additional synergies being progressed across the Group."
Mattioli Woods expects to announce its final results for the year ended 31 May 2022 on 13 September 2022.
