Tatton Asset Management, the Aim-listed discretionary fund management company, has reported assets under management have grown by 15 per cent in the six months to 30 September.
Tatton, which listed on the Aim market in the summer, said profits dropped to £560,000 during the period from the £1.56m achieved last year, as a result of costs associated with listing the business.
Assets under management were £4.44bn, a 15 per cent increase in the six months from March 2017, and an increase of 33 per cent over year to 30 September.
The company raised £51.6m when it floated on Aim on 6 July 2017.
Tatton Asset Management chief executive Paul Hogarth said: "The Group's IPO in July 2017 has been very well received by client firms supported by the Group.
"We are seeing unprecedented demand for a low-cost DFM service to the mass affluent market place served by the IFA sector, which the Group is ideally placed to capitalise on.
"Our unparalleled offer is challenging the existing off-platform, traditional incumbents, by providing the mass-affluent with the kind of investment portfolio management usually the preserve of the very wealthy. This is a game changer and has set us on a firm path of growth."
David.Thorpe@ft.com
