Varying of permission under Part IV of FSMA

RNS Number : 5534C

Mattioli Woods PLC

02 May 2012

 



2 May 2012

Mattioli Woods plc

("Mattioli Woods" or "the Group")

Varying of permission under Part IV of FSMA

Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy and wealth management business, announces that on 30 April 2012 the Financial Services Authority ("FSA") approved the addition of the regulated activity of dealing in investments as agent to the Company's permission under Part IV of the Financial Services and Markets Act ("FSMA").  

Bob Woods, Executive Chairman, comments:

"FSA approval of this additional permission marks an exciting new era for the Group.  Following our rebranding last autumn, the introduction of discretionary portfolio management ("DPM") will be an important extension to our wealth management services.  Our new DPM service will be launched formally over the coming months.  DPM will provide a lower cost and more efficient investment process for many of our clients, while enhancing our recurring revenue streams."

Mattioli Woods will issue its next trading update ahead of the close period relating to the year ending 31 May 2012, which starts on 29 June 2012.

- Ends -

For further information please contact:

Mattioli Woods plc
Bob Woods, Executive Chairman	Tel: [phone]
[e-mail]	www.mattioli-woods.com

Ian Mattioli, Chief Executive	Tel: [phone]
[e-mail]	www.mattioli-woods.com

Nathan Imlach, Finance Director	Tel: [phone]
[e-mail]	www.mattioli-woods.com

Canaccord Genuity Limited
Martin Green	Tel: [phone]
[e-mail]	www.canaccordgenuity.com

Simon Bridges	Tel: [phone]
[e-mail]	www.canaccordgenuity.com

 

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