Mattioli Woods plc, the specialist employee benefits and wealth management business, has announced the acquisition of Maclean Marshall Healthcare (MMH) and welcomes Sharon Marshall from MMH to the group.
Ian Mattioli, chief executive of Mattioli Woods, comments: “Our strategy is to grow our employee benefits business organically and by acquisition, increasing market share and enhancing our reputation. Acquiring new clients that are complementary to our existing business is a key part of this strategy”.
MMH are a specialised Healthcare and Protection business with around 80 corporate clients based in the Aberdeen area.
Alan Fergusson (pictured), Employee Benefits Director of Mattioli Woods added: “This addition to the group will add to our significant client bank in this location, providing new opportunities to advise on other services. Sharon’s expertise will add to the knowledge and experience within our healthcare team. Maclean Marshall Healthcare mirrors our core values enabling us to continue our tradition for building long-term client relationships through trusted advice, high service standards, personalised delivery, and the creation of an environment in which our clients and associates want to be a part”.
MMH clients will immediately be dealt with under the Mattioli Woods brand. The acquisition follows another strong set of interim results for the group, with a 20% increase in revenue to £19.90 million and a 29.5% increase in assets under administration to £6.49 billion over the six months to December.