Tatton AUM +30% on record flows

It has clearly designed and implemented a superior offering compared to peers

This is not investment advice. Please read TheInvestors.blog disclaimer here.

It was a huge FY24 for Tatton Asset Management. Assets under management increased 30% year-on-year, hitting £16.6bn on 31st March 24.

What Tatton does: It’s core offering is on-platform, discretionary fund management (DFM), managed portfolio services (MPS), in the UK. This means financial advisers, via one of the technology platforms which are common in the market (such as Nucleus, Transact, etc), select an invest portfolio suitable for their client (an MPS portfolio), and outsource the investment management of the portfolio to a company such as Tatton i.e., giving them ‘discretion’ to run the portfolio. These advisers avoid the regulatory and risk burden of selecting investments, to focus more on financial planning and advice.

Investment performance provided a tailwind, adding £1.5bn to AUM. But the key takeaway from Tatton’s impressive last few years, is that it has clearly designed and implemented a superior offering in platform-MPS with net flows consistently far higher than peers.

Today, my Equity Development research note covering Tatton’s trading update was published. It covers:

• Why Tatton is growing so quickly;

• How it performed versus 3-year strategic goals;

• Updated forecasts and valuation;

• An observation that trading volumes and investor interest in Tatton shares have jumped in the last 3 months or so.

You can read the full note here (linked in the graphic below).

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Disclosure: At the time of writing, Paul Bryant covered Tatton Asset Management as an analyst on behalf of Equity Development Limited. Read Equity Development’s research on Tatton Asset Management here. (Please read this link for the terms and conditions of reading Equity Development’s research).

Please read TheInvestors.blog disclaimer here.