Tatton Asset Management is looking to its investment in Absolute Financial Group as a potential source of growth, as consolidation among financial advice firms increasingly sees some groups bring investment management in-house.
The group has committed up to £10m to Absolute, with £4.9m invested by the end of September and a further £5.1m available to draw down over the five-year commitment period. Tatton CEO Paul Hogarth told PA Absolute had made a "great start", adding: "We are all very pleased with how it has gone." He described the business as "a great place for us to place retiring advisers, who will hopefully use our model portfolio service (MPS)", and called it "a very ambitious growth proposition". When asked whether Absolute was primarily a financial investment or could become an important distrib...
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