Wealth manager Mattioli Woods has struck an optimistic note as its founding managing director Murray Smith steps down from the board today.

In a statement released ahead of its AGM this morning, Mattioli Woods chairman Joanne Lake said the firm had grown its revenue in the first four months of its financial year.

“We have also driven some further margin improvement, with additional efficiencies and cost savings realised following a restructure of our client facing operations,” Ms Lake said.

“These changes have been designed to enhance client service and experience, receiving positive feedback both intern...