Tatton Asset Management’s IFA firms increased by 12.2% to 975 and it has set an assets under management (AUM) target of £30bn by the end of the 2029 financial year, its latest results show.
The discretionary fund manager's trading update for the year ended 31 March 2024 also revealed that the number of client accounts increased by 18% to 126,000, up from 107,000 in 2023. Meanwhile, its group revenue increased 14% to £36.8m, up from £32m in 2023 and its adjusted operating profit was also up 13% to £18.5m compared to £16.4m in 2023. Tatton's results also saw its profit before tax increase to £16.8m from £15.9m in 2023 and its AUM increased 30% to £16.6bn from £12.7bn in 2023. Its organic net inflows were £2.3bn, up from £1.8bn in 2023. This is an increase of 18% of open...
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