Pre-tax profits have increased by 45.5 percent at wealth manager Mattioli Woods.

In the six months to 30 November 2022 pre-tax profits increased to £4.8 million from £3.3 million a year earlier.

Revenues increased 10.0 percent in H1 from £49.9 million to £54.9 million.

A total of £20.2 million of this came from acquisitions completed since 1 January 2021. This was a slight increase on the £19.4 million recorded a year earlier.

Recurring revenues r...