Ludlow Wealth Management Acquires Opus Wealth Management
19 September 2023
Ludlow Wealth Management Group Limited, a subsidiary of Mattioli Woods, has completed the acquisition of Opus Wealth Management Limited.
Based in Blackpool, Opus Wealth Management specializes in financial planning and wealth management services for private client families and oversees approximately £53m in assets.
This acquisition marks the latest strategic move for Ludlow Wealth, which has been actively expanding its operations. In a recent deal valued at up to £1.2m, the firm acquired Ferguson Financial Management, a Glasgow-based financial planner managing assets worth £80m.
Mattioli Woods deputy chief executive officer, Michael Wright, said: “We’re delighted to welcome Opus Wealth Management to the Mattioli Woods Group, as part of the Ludlow business. We’ve highlighted we have a strong pipeline of bolt-on acquisition opportunities that can help us accelerate and complement our organic growth.”
He added that the transaction “marks another step towards our strategic goals".
Based in Leicester, Mattioli Woods is a business that aims to grow both organically and by buying and integrating similar businesses.
Ludlow CEO Ian Hemingway added: “Opus is a business we know well. I expect our familiarity with the Opus team and our shared approach to looking after clients to facilitate a smooth integration over the next few months.”
He added that this acquisition “further strengthens” the business' operations in the Northwest as they look to build upon its existing presence in the area.
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