FTSE 100 closes in red as Wall Street tumbles
The FTSE 100 closed lower as one analyst reckoned the market was earlier just supported by short covering.
Company
Mattioli Woods PLC
LON:MTW
Mattioli Woods PLC (Mattioli Woods) provides pensions consultancy and administration services primarily to owner-managers, senior executives and professional persons. The Company’s focus is at the higher end of the market where clients require bespoke service and specialist advice. Mattioli Woods has a network of intermediary contacts throughout the United Kingdom. The Company operates in three segments: pension consultancy and administration, which comprises time-based fees earned for setting up and administering pension schemes; investment planning, which comprises income generated from the placing of investments on clients’ behalf with banks and other financial institutions, and property syndicates, which comprises income generated where the Company facilitates commercial property transactions on behalf of its clients. On February 18, 2008, the Company acquired John Bradley Financial Services (JBFS) and North Star SIPP LLP (North Star) (together the JB Group).
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