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Mattioli Woods 'delighted' as firm acquires Ludlow Wealth Management

The deal is worth over £43m

Ian Mattioli, chief executive, Mattioli Woods plc(Image: Leicester Mercury)

A Leicester-based wealth management provider has completed the acquisition of a Merseyside firm for £43.5m.

Mattioli Woods has purchased Southport firm Ludlow Wealth Management after the deal received approval by the Financial Conduct Authority.

The East Midlands company first announced the news back in May, alongside its intention to buy London-headquartered Maven Capital Partners.

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On Monday, Ian Mattioli MBE, CEO, said: "We are delighted to have completed the acquisition of Ludlow Wealth Management.

"The Ludlow team shares our passion for delivering exceptional client outcomes and this transaction adds to our distribution capacity, particularly in the North West.

"Completion of this acquisition, together with the recently completed acquisitions of Maven Capital Partners and Richings Financial Management, represents meaningful steps toward our ambitious medium-term goals, extending the Group's existing investment proposition and adding scale, distribution and product to our client proposition."