Tatton Asset Management achieved net inflows of £1.8bn during the six months to the end of September 2024, in what has been a “record” period for the business.
Organic net flows totalled £305m for the six-month timeframe, averaging at £192m per month for the full year. However, £534m of organic net inflows were the result of positive market performance, which pushed the figure into the black.
Overall flows amounted to 22.1% of the company’s opening assets under management (AUM) on an annualised basis, and came in at almost £500m more than during the same time period last year.
See also: Premier Miton hires Tatton’s Robinson as MPS investment director
By the end of September, Tatton held £19.9bn under management, which marked a £5.1bn (34.9%) uptick compared to H2 2023.
The firm’s number of supporting IFAs also increased by 6.5% compared to the end of March this year, from 975 to 1,038.
Paul Hogarth, founder and CEO of Tatton Asset Management, said: “The group has made strong progress this financial year which is exemplified by the record level of net inflows over the last six months. Particularly pleasing is the consistency of the flows averaging £305m per month with a high of £375m and low of £260m per month over the period.
“The strong flows coupled with the consistent investment performance has increased our AUM by £2.3bn to just short of £20bn in six months, a key milestone as we head towards our target of £30bn by the end of FY29. As always, we remain appreciative of the consistent support from existing and new firms who choose Tatton as an investment partner.”
He added: “As we enter the second half of the year, we are conscious of the wider macroeconomic and geopolitical volatility but more acutely, the impact the UK Autumn Budget is having on investor sentiment and the UK market generally. However, against this backdrop, we believe we are well positioned to make further progress over the remainder of this financial year.”
See also: Tatton Asset Management sets new £30bn AUM target following revenue surge
