03 Aug 2012

Mattioli Woods launches portfolio management service

Mattioli Woods plc looks to add value to its client proposition today with the launch of discretionary portfolio management.

The Mattioli Woods portfolio management service aims to deliver a flexible and efficient investment process, capable of responding to evolving markets quickly and effectively. It also aims to reduce the costs associated with the management of investments, and the related administration processes.

The new service benefits from Mattioli Woods’ long-established and unique investment approach with active day-to-day asset management, access to all asset classes, and greater diversification of investments, to ensure an efficient distribution of risk. Twelve fully diversified and continually risk-adjusted portfolios will be offered, with their make-up driven by Mattioli Woods’ investment committee and in-house investment research analysts, fully authorised and regulated by the Financial Services Authority.

Director Murray Smith commented; “This proposition provides clients with an investment solution which enables us to manage assets more efficiently whilst maintaining a tailored and hands-on approach, so clients will still retain their personal relationship with their dedicated consultant.”

The service will be offered to over 4,000 existing clients and to the wider marketplace. It will be delivered exclusively via a fully integrated investment administration platform with custodian services provided by Pershing Securities, part of one of the world’s largest financial institutes, the Bank of New York Mellon Group.

Group Chairman and chair of the Mattioli Woods’ investment committee, Bob Woods, added; “Challenging market conditions are likely to persist for the foreseeable future, so we believe that our portfolio management service will ensure that clients are positioned to take full advantage of market opportunities and, equally importantly, avoid adverse conditions where possible.”

“We are proud of our past investment performance, and seeking out investments which are characterised by long-term, sustainable value, has consistently served our clients well over many years” he concluded.

The launch of the portfolio management service follows the announcement of another profitable year for the Group, with total assets under administration and advice now in excess of £3.02 billion at the year end, up 31.3% on the prior year. The company has also been recognised nationally in the past twelve months by the Telegraph as one of the top 1,000 ‘Britain’s Brightest Businesses’, which are set to be the foundation of the UK’s recovery.