Announced

Completed

Mattioli Woods completed the acquisition of Doherty Pension & Investment for £15m.

Synopsis

Mattioli Woods, a wealth and asset management business, completed the acquisition of Doherty Pension & Investment, a financial planning and wealth management businesses in Northern Ireland, with specialist pension expertise and a discretionary investment management offering, for £15m. "It is very rare that such a great opportunity to bring one of the largest financial planning businesses in Northern Ireland into the Mattioli Woods Group presents itself. In over 30 years of operations, Doherty's has built a solid and respected reputation, with integrity and professionalism at the heart of its client service. It was clear from our initial discussions that Doherty's is a great fit culturally and strategically, including a focus on long-term client relationships, serving a similar client base to our existing business. This acquisition is an important step forward for Mattioli Woods, strengthening our position as the only SSAS and SIPP operator based in Northern Ireland. We are delighted to welcome Terry, Alan, John and their team into the Group. There are many complementary elements between our businesses enhancing our specialist pension, discretionary portfolio management and financial planning propositions. We believe the range of products and services that Mattioli Woods has to offer can support the excellent outcomes from which Doherty's clients already benefit." Michael Wright, Mattioli Woods Group Managing Director.

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