Tatton Asset Management has reported a 20% increase in assets under management (AUM) and strong net inflows in the six months ended 30 September 2021, driven by both organic growth and acquisitions, including the recent deal to buy Verbatim.
In a trading update, the investment management and IFA support services business said that total AUM grew by 20% or £1.8bn, to reach £10.8bn at the end of the period, up from £8.9bn on 1 April this year. Organic growth contributed 12.8% of the total AUM growth. Tatton saw net inflows of £652m during the six-month period, 98.8% higher than the same period last year when net inflows were £328m. Tatton acquires Verbatim funds and signs fintech distribution deal It also attributed the rise in AUM to strong investment performance, which Tatton said increased AUM by over 5%, adding £4...
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