Tatton growing its IFA numbers is down to the company's “focus and consistency”, according to Tatton chief executive officer, Paul Hogarth.
According to Tatton's final results for the year ended March 31 2024, the number of IFA firms increased by 12.2 per cent to reach 975, compared to the previous year.
Additionally, the number of client accounts increased 17.9 per cent to 126,150, rising from 107,010.
This growth was explained by Hogarth, who said: “We’re growing like we are mainly because of the consistency in everything we do. It's the consistency of the service standards, price, and investment returns.
“The investment returns over the past 11 years have been really strong and consistent.”
He added the growth was “really down to our focus” and the fact that the firm is "specialists in our field".
“There are lots of MPS providers out there who have MPS because they do everything else but have joined quite late in the day. We’ve been an MPS specialist from day one,” he explained.
Tatton also saw its total assets under management increase by 26.9 per cent over the 12 months to a total of £17.6bn, a finding which Hogarth described as “our key metric”.
This has led to Tatton’s current AUM, as of June 2024, standing around £18.6bn.
The firm also looked at the year ahead, with Tatton stating it had updated its growth target, aiming to achieve £30bn in assets under management by the end of the 2029 financial year.
So far for the quarter starting April, net AUM inflows of £0.9bn have already been recorded. This has matched the inflows recorded in the whole of the first half of FY2024.
The results concluded by pointing out the board is looking to the year ahead and beyond with “confidence”.
tom.dunstan@ft.com
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