Mattioli Woods acquires a chartered financial planning firm- The Turris Partnership Ltd.

Mattioli Woods acquires a chartered financial planning firm- The Turris Partnership Ltd.
  • Wealth manager and employee benefits business Mattioli Woods has acquired The Turris Partnership Limited, in a deal worth up to £1.6m.
  • Turris is a Glasgow-based chartered financial planning firm that adds more than £65m in assets under advice.
  • The acquisition expands their operations in Scotland.

Wealth manager and employee benefits business Mattioli Woods has acquired The Turris Partnership Limited, in a deal worth up to £1.6m.

Turris is a Glasgow-based chartered financial planning firm that adds more than £65m in assets under advice. 

All five members of the Turris team will move into Mattioli Woods’ Glasgow office in the first quarter of 2020.  

The Turris was set up by managing director Brian Steeples in 2003. His vision was to “put his clients’ best interests at the heart of everything.”

In 2005 Steeples became the first president of the Personal Finance Society.

Mattioli Woods chief executive Ian Mattioli says: “We put a great deal of thought into any acquisition that we consider, as it is so important to make sure it is a good cultural fit. We have known Brian for many years and are pleased that he and his team are joining Mattioli Woods. It is an important acquisition for us, as we have been looking to expand our operations in Scotland, and opportunities to acquire such a well-respected business don’t come along every day.”

Steeples adds: “It isn’t an easy decision to sell a business that you founded and successfully grew. I took a long time to find the right firm and am pleased to now be part of the Mattioli Woods Group. Our clients and staff will continue to benefit from our strong ethos and culture of putting the clients’ interests at the heart of everything we do.

“These values are an embedded part of both the Turris Partnership and Mattioli Woods’ operations and is a key reason why this deal is such a good fit. The additional resources and support available within the Mattioli Woods Group will benefit clients and staff, and we very much look forward to this exciting new phase.

By Andia Rispah
Andia Rispah is a Personal Finance & Investment Writer who helps Financial Advisors to create valuable content to help their clients make smarter financial investments. I use my industry experience to write content that builds awareness, trust and turns readers into raving fans.
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