Tatton acquires Verbatim funds and signs Fintel distribution deal

Pay up to £5.8m for Verbatim funds

Kathleen Gallagher
clock • 1 min read

Tatton Asset Management has announced the acquisition of £650m Verbatim funds and a strategic distribution with fintech and support service provider Fintel.

Tatton will pay a cash consideration of up to £5.8m for Verbatim's multi-asset and multi-index funds. £2.8m has been paid in cash on completion with the remainder being subject to certain performance conditions over the next four years. AUM at 15 June was £9.5bn, the acquisition will increase its AUM to £10.2bn. Paul Hogarth, chief executive officer of Tatton, said: "The transaction clearly demonstrates the progress we are making in executing on our growth strategy. We have set out a roadmap for growth over the next three years, growing our AUM organically and by acquisition and ext...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read