Wealth manager and pensions consultancy Mattioli Woods is preparing for the launch of a discretionary portfolio management service after securing investment permissions from the FSA.
The group said the new service would be launched formally "in the coming months". The FSA approved adding the regulated activity of 'dealing in investments as agent' to the group's permissions on 30 April. Bob Woods, executive chairman of Mattioli Woods, said: "[This] marks an exciting new era for the group. "The introduction of discretionary portfolio management will be an important extension to our wealth management services. "It will provide a lower cost and more efficient investment process for many of our clients, while enhancing our recurring revenue streams." The most ...
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