30 July 2013 – acquisition
The group has expanded its activities with the acquisition of Thoroughbred Wealth Management Limited and its subsidiary Atkinson Bolton Consulting Limited. The latter is an award winning employee benefits and wealth management business based in Newmarket. In 2012, the business generated profit after tax of £0.61m and this will provide a useful addition to Mattioli Woods existing product offering with useful synergies between the two businesses. We maintain our BUY recommendation.