Mattioli Woods invests in Tiller Group for SaaS wealth management platform

The wealth management and employee benefits business, Mattioli Woods, has invested in Tiller Group Limited.

Tiller provides a Software as a Service (SaaS) wealth management platform. It is designed for wealth managers and other regulated financial services businesses. Mattioli Woods will work with Tiller. They will try to develop its automated investment management platform that will extend Mattioli Woods’ discretionary investment management services in hopes to attract a new range of clients.

Later this year the platform will be launched.

The investment sees Mattioli Woods, which has offices in Leicester, take an initial shareholding of 4%, through a subscription of new shares in Tiller. It will have the potential to increase this holding in the future.

Michael Wright, Group Managing Director, Mattioli Woods, said: “We are very excited about our new relationship with Tiller and the opportunity this will provide for both new and existing clients.

“Technological innovation is key to our ambitious growth strategy and through working with Tiller, we demonstrate our commitment to enhancing our digital offering to clients.

“This platform will enable us to provide great outcomes to a new client demographic and also allows us to further simplify and enhance the process of bringing on board new clients both efficiently and highly securely – appropriate for a COVID and post-COVID environment.”

Ian Cadby, Chief Executive Officer, Tiller Group Limited, said: “Mattioli Woods’ requirements fit perfectly with our expertise and experience in designing and building leading-edge customer-facing digital solutions. We have a proven capability in this arena and are proud to have Mattioli Woods as both a client and a shareholder.”