News, Views and
Community

Economic & market insights, investment and pension updates from our professional experts and news from Hurley Partners.

MATTIOLI WOODS AGREES TO ACQUIRE HURLEY PARTNERS

Mattioli Woods plc, the specialist wealth management and employee benefits business, has entered into an agreement to acquire Hurley Partners Limited, the private client adviser and asset management business.

Mattioli Woods is one of the UK’s leading providers of pension consultancy and wealth management services, and is pleased to welcome Hurley Partners to the group in a deal worth up to £25.6 million. Subject to regulatory approval, completion is expected to take place in the second quarter of 2020. Hurley Partners’ experienced management team will be retained by Mattioli Woods following the acquisition.

Founded in 2013, Hurley Partners is an established wealth management business providing bespoke and holistic financial advice to over 300 client family groups and enjoys a strong regional presence through its three offices in London, Surrey and Manchester.

Hurley Partners prides itself on careful client management and protection of financial legacy. Acting with integrity and treating clients as we would wish to be treated ourselves are central to both Mattioli Woods and Hurley Partners cultures and key to maintaining the long-term multi-generational client relationships that will deliver value for all stakeholders.. Like Mattioli Woods, Hurley Partners has specialist pension knowledge, legacy planning expertise and robust discretionary investment management services all working in unison – these underpin the cultural and strategic rationale for the coming together of the two businesses.

Hurley Partners actively promotes a strong commitment to giving back the wider community, which Mattioli Woods is keen to continue and develop alongside the group’s own community giving programme.

Ian Mattioli, Chief Executive Officer of Mattioli Woods said: “This acquisition of Hurley Partners is an important step for Mattioli Woods as we continue to expand our operations and reach. Culturally and strategically, Hurley Partners is a great fit, serving a similar client base to our existing business. Hurley Partners has a proven ability to win high quality new business and will enhance our existing specialist pension and discretionary management propositions. I believe this transaction will strengthen our position in a market that is continuing to consolidate.”

Tony Hurley, Chairman of Hurley Partners Limited, added: “This is a highly positive development for everyone associated with Hurley Partners and especially our clients and employees. Putting clients at the heart of everything we do is central to Hurley Partners’ culture and we recognise the commitment of Mattioli Woods to this principle. Clients will notice no difference in our approach which has been built on personal service and clear communication alongside our knowledge and expertise. I am delighted to confirm that all of the employees of Hurley Partners will be remaining with the newly combined group and will continue to operate from our existing locations. The highest level of commitment of all directors and staff remains unaltered. We look forward to working together as part of a strong and progressive wealth management group.”