Investments  

Tatton sees 26% revenue rise as it reaps acquisition benefits

Tatton sees 26% revenue rise as it reaps acquisition benefits
Paul Hogarth, chief executive officer, Tatton Asset Management

Tatton Asset Management has seen its revenue rise by 26 per cent in the year to March 31 as it reaped the benefits of successful mergers and partnerships.

The group saw its net inflows rise 70 per cent to £1.28bn, with assets under management up 26 per cent to £11.4bn, in a full year results presentation today (June 15).

Chief executive officer of Tatton, Paul Hogarth, said client outcomes remain and will always be the company’s key focus.

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"As we look forward to [the next financial year], our strategic emphasis will be to consolidate and build on the gains we have made to date whilst further developing the business to drive growth and long-term value creation. 

“While we remain conscious that these are uncertain times, both from an economic and geo-political standpoint, we are well positioned to make further progress in the year ahead and better equipped than most to deal with any prevailing market headwinds."

The group is aiming to hit £15bn in AUM by 2024, and has so far exceeded its organic growth target of £1bn per year, delivering £1.7bn in the first 12 months.

In April the company acquired a majority stake in DFM 8AM, and in a results call this morning Hogarth emphasised the growth he is seeing in MPS.

“MPS has come of age in the past 18 months,” he said.

“IFAs have now decided [managing investments] is an inefficient way to run their IFA model…and it keeps the cost of investing down.”

The group presided over a number of acquisitions in the past year, including buying the Verbatim funds from Fintel, formerly known as Simplybiz, for £5.8mn.

In November 2020 the firm secured a £30m acquisition war chest as it confirmed numerous deal discussions.

sally.hickey@ft.com