IN BRIEF: Tatton Asset Management sees jump in assets under management
Tatton Asset Management PLC - Cheshire-based on-platform discretionary fund management and independent financial adviser support service - Updates on trading for the six months ended September 30. Says the group is performing well and results are in line with expectations, with continued growth in both revenue and profits driven by strong net inflows. Maintains high levels of organic net inflows averaging GBP152 million per month compared to GBP150 million in the year prior. Total net inflows were GBP910.0 million, marginally ahead of both the final six months of the prior financial year, GBP890.0 billion, and the same period last year GBP910.0 million. Adds these strong organic net inflows were supported by a positive market performance of GBP100.0 million. Total assets under management at the period end were GBP13.72 billion up 21% from GBP11.34 billion the year before. Expects assets under management to exceed three year strategic "Road Map to Growth" target of GBP15.0 billion by March 2024. Read More