Mattioli Woods: revenue lower but profit ahead
Specialist wealth management and employee benefits business, Mattioli Woods (LON: MTW), provided an update on trading for its financial year ending 31 May 2020.
Unlike many wealth managers, MTW’s revenues are primarily fee-based and hence less sensitive to volatility in investment markets, however, they have seen a reduction in income linked to the value of clients' assets and banking revenue. As a result, they now expect total revenue for the year ended…
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