Tughans have advised Wealth Management company Mattioli Woods in the Multimillion-pound acquisition of Financial Planning Firm, Doherty Pension & Investment Consultancy.

Mattioli Woods are a leading provider of wealth management and employee benefits with more than 800 employees based across the UK. Doherty Pension & Investment Consultancy is one of the province’s largest financial planning businesses with combined assets under advice and administration of over £635m. The acquisition strengthens Mattioli’s position as the only Northern Ireland based SSAS and SIPP operator.

The business employs 28 staff and Doherty’s experienced management team will be retained by Mattioli Woods following the acquisition.

The Tughans team was led by corporate Partner, James Donnelly with support from Associate Director, Aimee Craig.

Commenting on the deal, James Donnelly said

“As one of Northern Ireland’s largest financial planning practices, Doherty’s presented a great opportunity for the Mattioli Woods Group. A close cultural and strategic synergy will allow Mattioli to focus on long-term client relationships and further strengthen its position as a SSAS and SIPP operator in N.I.“