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AIM-listed wealth boutique breaks £4bn

AIM-listed wealth boutique breaks £4bn

Tatton Asset Management has moved beyond the £4 billion mark. 

The boutique, which listed on the Alternative Investment Market (AIM) in July, revealed assets under management had risen from £3.85 billion to £4.44 billion in the six months to 30 September. 

In its trading update, Tatton also said the business received fund inflows at a run-rate of over £80 million per month.

Paradigm Partners, the group's IFA support services business, saw membership growth rise from 352 firms in March to 356.  

Meanwhile, Paradigm Mortgage Services, the Tatton's mortgage distribution and support services business, saw membership rise to 1,143 mortgage firms during the period.

Commenting on the numbers, Tatton founder and CEO Paul Hogarth (pictured) told the market. 'Our successful IPO in July 2017 has been very well received by client firms supported by the group and I am also pleased to report the continued strong growth in our funds under management.  

'This growth is further evidence of the increasing demand for a low cost DFM service to the mass affluent market place served by the IFA sector, which the group is ideally placed to capitalise on.'

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