Tatton Asset Management has entered into a sale and purchase agreement of 50% of 8AM Global Limited’s issued share capital for £7m, with the option to require the remaining 50% at a later date.
Andover-based investment services firm 8AM, which is headed up by partners Jeremy Nunn, Tom McGrath and Clive Moore, has a model portfolio service and three multi-asset funds, as well as its Tactical Growth and Focused funds. The model portfolios and funds will "complement TAM's existing proposition", according to the firm, with the proposed acquisition set to provide IFAs "access to an extended range of risk profiled investments utilising 8AM's experience, investment style and approach". The acquisition, which is expected to take place when 8AM's AUM is approximately £800m, was anno...
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