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Tatton Asset Management records 28.4% net flow increase in full-year results

Assets under management stand at £17.6bn

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Tatton Asset Management has recorded its highest-ever organic net inflows for the 2023/24 financial year to 31 March 2024, at £2.3bn. Compared with the previous year’s organic net flows of £1.8bn, this marks a 28.4% year-on-year increase.

This £2.3bn accounted for 62.2% of Tatton’s £3.7bn overall increase in assets under management to £17.6bn at the end of March this year, compared with £13.9bn during the same period in 2022/23. Market and investment performance contributed a further £1.5bn, compared with a loss of £400m last year.

Tatton also made a number of acquisitions during the financial year, increasing the number of IFA firms under its belt by 12.2% to 975.

Net inflows during the second half of the year alone reached £1.4bn, a 53.1% increase compared with the £910m inflows seen during the first half of the year. This therefore bolstered Tatton’s average monthly net inflows from £152m in H1, to £232m in H2, which the firm said was “supported by the tax year end”.

See also: The asset allocator diary: Yoram Lustig

The results come amid the final year of Tatton’s three-year ‘Roadmap to Growth’, whereby the original target was to achieve £15bn in AUM by the end of last month – a target it has overshot by 17.3%. Over the three years in total, organic net inflows amounted to £5.4bn. The company will release its new medium-term AUM target on 18 June this year as part of its full audited results.

Paul Hogarth, founder and CEO of Tatton Asset Management, said: “I am very pleased with this year’s results, especially when we consider the difficult economic backdrop our industry has faced over the last 12 months.

“Our excellent trading performance is a testament to the overall quality of our long-term track record of consistent investment performance, and market leading customer service and communications, which when combined with our IFA distribution partnerships, continue to drive the success of the business.”

This story was written by our sister title Portfolio Adviser

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