Wealth management firm Mattioli Woods has acquired rival SIPP provider MC Trustees in a deal worth £2.2m.
Founded in 1986, MC Trustees provides pension administration and trustee services to over 1,500 SIPP and SSAS clients with over £400m of assets under administration. Based in Hampton-in-Arden, the group employs 26 staff.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Mattioli Woods said it will retain MC Trustees’ management team following the acquisition.
MC Trustees generated a profit before taxation of £0.4m on revenues of £1.6m in 2015. Its net assets were £0.3m at the 31 December 2015.
In addition to the acquisition of MC Trustees, Mattioli Woods reached agreement in principle, subject to contract, to acquire MC Holdings (Malta) Limited and its subsidiary for a total consideration of up to £0.6m.
MC Malta operates Qualifying Recognised Overseas Pension Schemes (QROPS), providing pension arrangements suitable for expatriates from the UK or people who have earned a pension in the UK and now live abroad.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataCommenting on the deal, Mattioli Woods chief executive Ian Mattioli said: “This acquisition is another important step forward for Mattioli Woods, as we continue to expand our operations. MC Trustees is a great fit culturally and strategically, serving a similar client base to our existing business, while complementing our current operations in the East Midlands.”
“The MC Trustees team has a proven ability to win high-quality new business and the transaction gives us an exciting new distribution channel for Mattioli Woods’ services. I believe this will strengthen our position in a market that is continuing to consolidate.”
