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(Sharecast News) - Tatton Asset Management reported double-digit growth in assets under management and administration in the year ended 31 March on Wednesday, supported by strong underlying inflows and market performance, despite a significant mandate loss.
Total AuM rose 11.0% to 24.2bn, up from 21.8bn a year earlier, reflecting underlying net inflows of 2.8bn and a 2.5bn contribution from market and investment performance.
That was partially offset by 3.3bn of outflows linked to the previously announced cancellation of the Perspective contract in January.
Excluding that mandate, underlying AuM increased 26.8% year-on-year to 22.8bn.
The group said inflows remained consistent throughout the year, with 1.35bn generated in the first half and 1.45bn in the second half, equating to average monthly net inflows of 234 million, in line with guidance.
The number of IFA firm relationships within Tatton Investment Management increased by 108 to 1,218.
Tatton added that it expected full-year financial results to be towards the upper end of market expectations.
Within its Paradigm IFA support services division, mortgage completions rose 23.2% to a record 17.5bn, compared with 14.2bn the prior year, with second-half volumes slightly ahead of the first.
The number of mortgage member firms increased to 2,014 from 1,915, while consulting member firms rose to 433 from 425.
"I am proud that we have delivered another year of strong performance and continued the long-term growth momentum we have consistently built since inception," said founder and chief executive Paul Hogarth.
"Our core business has achieved excellent organic growth, with underlying organic net inflows of 2.806bn and market and investment performance of 2.456bn driving total AuM to 24.216bn, an increase of 11.0% over the prior year."
He added that the company remained on track to meet its five-year growth target.
"We have continued to make excellent progress towards our five-year 'Roadmap for Growth' strategy, targeting 30bn in AuM by 2029."
Hogarth also highlighted the resilience of inflows despite market volatility.
"Against a volatile and challenging macroeconomic and geopolitical backdrop, I am particularly pleased with the consistency of our underlying net inflows throughout the year, with a stronger second half contributing to a full-year average of 234m per month and at the top of our guidance range."
The group reiterated confidence in its outlook, with Hogarth saying "the board expects that our financial performance for the 2026 financial year will be towards the upper end of market expectations."
At 1054 BST, shares in Tatton Asset Management were up 1.36% at 654.8p.
Reporting by Josh White for Sharecast.com.
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