Cheshire investment firm reaches new milestone
North West investment management and IFA support services group, Tatton Asset Management, has reached a new milestone.
Despite a challenging year, assets under management increased 35.2 per cent to £9bn, an increase of over £5bn in under four years from the point the business listed in July 2017.
The vast majority of this £5bn growth has been achieved organically.
The Cheshire-headquartered group revealed revenue increase of 9.3 per cent to £23.4m for the year to the end of March 2021.
It also reported a pre-tax profit of £7.3m, which is down from £10.3m in 2020.
Final dividend is up 17.2 per cent to 7.5p and full year dividend of 11p.
During the period the number of IFA firms serviced during the year jumped by 12.3 per cent to 668.
CEO Paul Hogarth said: “This has been a significant year for the Group, a year that has seen unprecedented change and one in which I am pleased to report we have continued to grow and prosper.
“We are proud to have played a very positive role in supporting all our clients in what has been a very tough environment, but one which we have navigated successfully.
“Tatton has a long track record of putting the client first and our success has been built on the core values of putting the IFA at the heart of our business.
“This year this philosophy has been critical and our ability to adapt to their changing needs has paid dividends.”
