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Mattioli Woods plc (AIM: MTW.L), the specialist wealth management and employee benefits business, today issues the following trading update in advance of its interim results for the six months ended 30 November 2020, which are to be announced on Tuesday, 9 February 2021.
· Key milestone achieved, with total client assets of the Group and its associate[1] in excess of £10 billion at the period end · Further growth in profitability, with improved margins following actions taken in response to COVID-19 and continued cost management · Gross discretionary assets under management[2] of £2.9 billion · Strong financial position, with £18 million of cash at period end · Establishment of new executive team and governance structure ....