On December 20, 2019, Mattioli Woods plc announced an agreement to acquire The Turris Partnership Limited.
Under the terms of the agreement, Mattioli Woods plc (“Mattioli”) will acquire The Turris Partnership Limited (“Turris”). The deal is expected to be worth up to £1.6 million and all five members of the Turris team will move into Mattioli’s Glasgow office during the first quarter of 2020. Further terms of the transaction were not disclosed.
Mattioli, based in the United Kingdom, is a provider of wealth management and employee benefits. As of December 2019, Mattioli has £9.4 billion in assets under management, administration and advice.
Turris, based in Glasgow, is a firm of Independent Chartered Financial Planners that provides lifestyle financial planning, wealth management and total tax management. As of December 2019, Turris has approximately £65 million in assets under advice.
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