In tipping Mattioli Woods' (MTW) shares at the end of its May financial year, we argued that the wealth manager’s fee structure – with its focus on fixed, initial and time-based charges – could offer it protection against the risk of any further market meltdowns.
IC TIP:
Buy
at
700p
When Mattioli’s figures are released next Wednesday (2 September), the market has already been told to expect strong growth in adjusted pre-tax profit. But both global equity and bond prices – as measured by the MSCI World and Bloomberg Barclays Global Aggregate indices – have crept up post-period, suggesting the traditional ‘ad valorem’ model may have in fact outperformed.
