Tatton Asset Management is managing more than £10bn after a 20% boost to its assets under management in the past six months.
The group’s unaudited results for the six months ended 30 September revealed it added £1.8bn in assets during the period, taking the total to £10.8bn.
The acquisition of Verbatim funds from Fintel last month added £650m to the total, while net inflows were £650m, almost double the same period in 2020, and investment performance added £500m. As well as acquiring the Verbatim fund range, Tatton also entered into a distribution partnership to license Fintel’s adviser technology.
Tatton Asset Management founder and CEO Paul Hogarth (pictured) said: “Following the recent acquisition of the Verbatim fund range and strategic partnership with Fintel, we remain excited about the future opportunity for the group. We are pleased with the start we have made and look forward to developing stronger relationships with the firms over the rest of this year and beyond.”
Tatton’s IFA support services business Paradigm saw the number of mortgage firms it works with increase to 1,646 from 1,612 in March, and the firms it consults increase to 418, up from 407 in March. The mortgage division also saw an increase in market activity thanks to the government’s stamp duty holiday coupled with an improved lending environment. As a result, mortgage completions increased 30% over the past year, from £5bn to £6.5bn.
