Mergers and acquisitions  

Tatton AM buys 50% of DFM for £7mn

The acquisition of the Verbatim funds added £0.65bn and market returns contributed a further 4.7 per cent or £0.42bn. 

Hogarth said: “The group has delivered another good year of growth across both divisions and I am particularly pleased with the significant increase in net new inflows to the group which underpins the organic growth opportunity that exists in our market. 

“The last quarter was a difficult environment from a geopolitical and economic perspective, but we demonstrated the resilience of our business model maintaining robust net inflows and finished the year strongly with £11.3bn of Aum.”

Paradigm, which is the membership operating division of Tatton AM, consisting of consultancy support for IFA, wealth and mortgage and protection firms, saw its member firms increase to 421, up from 407 in 2021.

Mortgage firms increased to 1,674 from 1,612 and the group said mortgage completions remained strong following the end of the government’s stamp duty reduction in September 2021 with over £6bn of completions being delivered in H2 FY22. 

Total completions for the year increased by 13.3 per cent to £12.8bn, up from £11.3bn.

Hogarth added: “Paradigm also delivered a pleasing year, in particular mortgage completions remained strong despite the removal of government incentives and a changing market landscape."

In November, Tatton Asset Management reported its pre-tax profit rose by nearly £2mn in the six months to September 30, after a string of acquisitions and new partnerships. The firm saw a profit of £4.8mn, up from £3mn in the same period last year.

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