Mattioli Woods has bought Richings Financial Management for an initial payment of £0.9m, with up to £0.9m more payable after two years.
Founded in 1991, Richings is an established financial planning and wealth management business, working with over 270 private client families with approximately £70m assets under advice.
Richings employs an experienced team of four staff, all of whom will remain with Mattioli Woods following completion. Their location in Iver, Buckinghamshire supports Mattioli Woods’ continued growth in the South East.
Mattioli Woods CEO Ian Mattioli says: “Clive Ridge, director of Richings, shares the Mattioli Woods philosophy of putting clients’ best interests at the forefront of his advice. The families looked after by Richings will benefit from the range of products and services offered by Mattioli Woods and we look forward to working with Clive and his experienced team in ensuring high standards are maintained and built upon in the South East.”