Tatton Asset Management reports rising assets and replaces finance chief

Fund management and financial advice firm Tatton Asset Management demonstrated strong investment returns with the release of an un-audited year end update for the 12 months preceding 31 March.

The AIM traded company increased its assets under management by 26% over the course of the year, seeing them rise to £4.9bn while the group’s IFA support gained 16 new client firms and its mortgage distribution business saw membership rise 14% to 1,219.

Paul Hogarth, founder and chief executive of Tatton Asset Management, said: “Increasing assets under management by £1.0 billion in the last twelve months to £4.9 billion, and £5.0 billion as at today, is a continued endorsement of the demand for a DFM (discretionary fund management) service that offers competitive pricing and has delivered strong investment returns during challenging markets.”

London based investment manager Tatton offers discretionary fund management services as its core investment proposition through 10 UK wrap platforms.

The company will report its results for the year in full on 27 June.

Meanwhile, Tatton also announced that chief financial officer Noel Stubley, who has held the position since March 2012, will step down from his role on 30 April but remain in an advisory capacity until the end of July while his replacement Paul Edwards steps in from 1 May.

Paul Edwards has previous experience working as group finance director for a number of listed companies, most recently at Scapa Group, and has held other senior finance roles at listed and private companies.

Roger Cornick, chairman of Tatton Asset Management, said: “The board thanks Noel for his contribution to the success of the company during his tenure. He helped lead the company through its early development to the recent successful IPO and the board wishes him well for the future. Paul brings considerable listed public company experience to the role which allied to his broad range of financial and operational expertise will greatly strengthen the management team.”

As of 0928 BST, Tatton Asset Management’s shares were up 3.77% at 211.70p.