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    Mattioli Woods plc, the specialist wealth management and employee benefits business, has welcomed chartered financial planning firm, The Turris Partnership Limited, to its group in a deal worth up to £1.6mn.

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    Mattioli Woods

    Mattioli Woods is one of the UK’s leading providers of pension consultancy and wealth management services and its acquisition of the Glasgow based firm adds over £65mn in assets under advice, all five members of the team and will see them move into Mattioli Woods’ Glasgow office in Q1 2020.

    The Turris Partnership was set up by Managing Director and well known industry figure Brian Steeples in 2003. His vision was to put his clients’ best interests at the heart of everything, providing a high quality on-going service, a vision that matches that of Mattioli Woods.

    In 2005 Brian became the first president of the Personal Finance Society (PFS). The PFS was formed by the merger of The Society of Financial Advisers (SOFA) and the Life Insurance Association, and Brian had been an integral part of the creation of this professional body. He was also the first chartered financial planner to be awarded UK Chartered Financial Planner of the Year.

    Ian Mattioli MBE, Chief Executive Officer of Mattioli Woods said:

    “We put a great deal of thought into any acquisition that we consider, as it is so important to make sure it is a good cultural fit. We have known Brian for many years and are pleased that he and his team are joining Mattioli Woods. It is an important acquisition for us, as we have been looking to expand our operations in Scotland, and opportunities to acquire such a well-respected business don’t come along every day.”

    Brian Steeples, Managing Director, Turris Partnership, added:

    “It isn’t an easy decision to sell a business that you founded and successfully grew. I took a long time to find the right firm and am really pleased to now be part of the Mattioli Woods Group. Our clients and staff will continue to benefit from our strong ethos and culture of putting the clients’ interests at the heart of everything we do. These values are an embedded part of both the Turris Partnership and Mattioli Woods’ operations and is a key reason why this deal is such a good fit. The additional resources and support available within the Mattioli Woods Group will benefit clients and staff and we very much look forward to this exciting new phase.”

    You can read the full market release below: