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ludco.co.uk

Stage

Acquired | Acquired

Valuation

$0000 

About Ludlow Wealth Management Group

Ludlow Wealth Management Group is a financial planning business providing financial planning advisory services.On May 26, 2021, Ludlow Wealth Management Group was acquired by Mattioli Woods at a valuation of $61.6M.

Ludlow Wealth Management Group Headquarter Location

172 Lord Street

Southport, England, PR9 0QA,

United Kingdom

+44 01704 500324

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Latest Ludlow Wealth Management Group News

Mattioli Woods acquires Ferguson Financial Management Limited

May 12, 2022

LONDON, UK: Mattioli Woods plc (AIM: MTW.L), the specialist wealth and asset management business, announced that its subsidiary Ludlow Wealth Management Group Limited has acquired the trade and assets of Ferguson Financial Management Limited for an initial consideration of £0.6 million and potential further consideration of up to £0.6 million dependent on the attainment of specified performance targets in the year after completion. Ferguson Financial Management provides financial planning and wealth management services to over 200 private client families with approximately £80 million of assets under advice. Ferguson is based in Glasgow and as part of the deal an experienced employee will join Mattioli Woods and operate from the Group’s existing Glasgow office. In the year ended 31 October 2020, Ferguson generated revenues of £0.34 million with a profit before taxation of £0.16 million. At 31 October 2021, Ferguson’s gross assets were £0.19 million and net assets were £0.19 million. Commenting on the transaction, Michael Wright, Group Managing Director of Mattioli Woods, said: “We are pleased to complete Ludlow’s first acquisition since joining the Group. We continue to work closely with Ludlow’s experienced team as we pursue other transactions of a similar nature to further expand our growing wealth management presence in the north of England and Scotland”. Ian Hemingway, Chief Executive of Ludlow, said: “Ludlow has a track record of successful deals involving retiring financial advisers, a model which Mattioli Woods continues to support. We look forward to working with the Ferguson team to responsibly integrate their clients into the Group over the coming months, whilst continuing to explore other opportunities within the market”.

  • Where is Ludlow Wealth Management Group's headquarters?

    Ludlow Wealth Management Group's headquarters is located at 172 Lord Street, Southport.

  • What is Ludlow Wealth Management Group's latest funding round?

    Ludlow Wealth Management Group's latest funding round is Acquired.

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