IFAOct 17 2017

Ex-Bankhall chief's DFM grows net inflows by £80m a month

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Ex-Bankhall chief's DFM grows net inflows by £80m a month

Discretionary fund manager Tatton Asset Management has reported net inflows of more than £80m a month for the six months to 30 September.

The company had assets under management of £4.44bn at the end of September 2017 , an increase of 15 per cent on the assets held by the business at the end of March 2017.

The company also owns Paradigm Partners, a business that provides support services to advisers.

Tatton Partners said Paradigm continues to see membership growth, rising to 356 IFA firms at September 2017, up from 352 at March 2017.

Paradigm Mortgage Services, the company's mortgage distribution and support services business, saw membership rise to 1,143 mortgage firms during the period.

Paul Hogarth, chief executive of Tatton, was also co-founder and former chief executive of Bankhall Investment Management.

Tatton was founded in 2007 by Mr Hogarth to provide a range of services to directly authorised financial advisers encompassing discretionary fund management, regulatory and compliance services and mortgage services.

In July the company floated on the London Stock Exchange. It was admitted to trade on the AIM market following a £87.2m initial public offering (IPO).

In a statement on today's (17 October) results, Mr Hogarth said: “Our successful IPO in July 2017 has been very well received by client firms supported by the Group and I am also pleased to report the continued strong growth in our funds under management.  

"This growth is further evidence of the increasing demand for a low cost DFM service to the mass affluent market place. We look forward to updating the market with our maiden interim results in early December.”

David.Thorpe@ft.com