Mattioli Woods expects more IFAs to sell up ahead of expected CGT changes
Advisers want to make sure they don’t ‘incur higher tax burdens’
Wealth manager Mattioli Woods is no stranger to financial advice acquisitions and it expects the rise in M&A activity will not change anytime soon.
During its interim results for the six months to the end of November 2020, the firm said it believes “consolidation within both wealth management and Sipp administration” will continue.
Mattioli Woods added in the London Stock Exchange statement: “We are seeing a number of opportunities arising from retirement sales and in advance of potential UK budget changes which could see sellers incurring higher tax burdens.”