The boss of wealth management specialist said he expects to see increased demand as a result of the suspension of the Woodford Equity Income Fund and the M&G Property Portfolio.
Mattioli Woods chief executive Ian Mattioli said he also expects a rise in client activity following the landslide victory for the Conservatives in last month鈥檚 General Election.
It comes as the Leicester-based business, which also offers employee benefits services, announced that it was looking after 拢9.4 billion of client assets 鈥 compared to the 拢8.73 billion it managed in May 2018.
Mr Mattioli said revenues and pre-tax profits were all up, while margins had benefited from a restructuring operation.
He said the business was also seeing a rise in fees and other revenues from SSAS and SIPP pension schemes, despite the 鈥渃ontinued market and political uncertainty鈥.
But he said that that recent uncertainty had resulted in lower 鈥渘et inflows into the group鈥檚 bespoke investment services than in the equivalent period last year鈥.
In a trading update for the six months to November 30, Mr Mattioli said: 鈥淲e plan to build on the progress achieved in the first half over the remainder of this financial year.
鈥淓vents such as the suspension of the Woodford Equity Income Fund and the M&G Property Portfolio are likely to drive an increased demand for the holistic planning and expert advice we provide, and I anticipate greater client activity and increasing inflows into our bespoke investment services following the definitive general election result last month.聽
鈥淲e continue to invest in our people, technology and infrastructure as we look to build upon our success to date.聽
鈥淐lients need long-term advice and strategies more than ever before and we will continue to provide quality solutions, maintaining our focus on client service and continuing to adapt our business model to the changing wealth management marketplace, integrating asset management and financial planning.
鈥淥ur profit outlook for the year is in line with management鈥檚 expectations and I believe we remain well-positioned to grow, both organically and by acquisition, to deliver sustainable shareholder returns.鈥
He said the business hoped to build on its record of acquisitions which saw it buy the Glasgow-based Turris Partnership in December, which provides chartered financial planning and wealth management advice to clients, and has more than 拢65 million of assets under advice.
Most recent annual accounts show that in the year to May 31, Mattioli Woods posted revenues of 拢58.5 million 鈥 slightly down on the previous year 鈥 and pre-tax profits up 4.1 per cent to 拢10.2 million.
Mattioli Woods relocated to Leicester city centre from an out-of-town office park in October 2018.
Its new 拢14 million headquarters is on the site where Leicester City Council鈥檚 1970s concrete New Walk Centre headquarters once stood.
