Mattioli Woods is pleased to announce the acquisition of 100% of the share capital of Richings Financial Management Ltd. This is for an initial consideration of £0.9m and potential further consideration of up to £0.9m after two years.
Founded in 1991, Richings is an established financial planning and wealth management business, working with over 270 private client families with approximately £70 million assets under advice.
Richings employs an experienced team of four staff, all of whom will remain with Mattioli Woods following completion. Their location in Iver, Buckinghamshire supports our continued growth in the South East.
Discussing the acquisition Ian Mattioli, chief executive officer of Mattioli Woods commented:
“Clive Ridge (Director of Richings) shares the Mattioli Woods philosophy of putting clients’ best interests at the forefront of his advice. The families looked after by Richings will benefit from the range of products and services offered by Mattioli Woods and we look forward to working with Clive and his experienced team in ensuring high standards are maintained and built upon in the South East.”
The full RNS release can be found here.
