Investment manager and IFA support firm Tatton Asset Management has reported pre-tax profits climbed 37.3% to £16.027m in the six months to the end of September, up from £11.674m in the same period in 2025.
Total AUM/I climbed by 15.5% to £27.97bn, up from £24.22bn at the end of March.
Group revenue increased 24.8% to £32.1m while its adjusted group operating profit margin, increased to 54.5%.
Paul Hogarth, founder and CEO of Tatton Asset Management, said: “Advisers increasingly want scalable, consistent and well-governed investment solutions to help them deliver good client outcomes and the structural drivers behind that demand remain firmly in place. As the market develops, Tatton is well placed to benefit.”
He said that during the period, IFA consolidation had been a short-term headwind, though the business continues to see it as a potential opportunity moving forward.
He said: “Recently, we have seen a small number of consolidators integrate assets into their own in-house investment propositions and in some of these cases at higher fees and with questionable investment performance track records.”
He said that IFA consolidation was good for the sector overall. He said: “It demonstrates IFAs are building businesses of value and incentivises them to offer careers in financial advice to both younger individuals and family members and also provides an opportunity for in-house advisers to start up their own new IFA business supporting their local communities and beyond.”
He added that consolidation models should be whole of market and that clients should not be steered into a single proposition when other options could offer them better value and better outcomes.
Mr Hogarth welcomed the FCA's ongoing review of the MPS market. “Clear expectations around governance, transparency and client outcomes should reinforce the position of well-run and scalable propositions and we look forward to engaging constructively with the FCA as the review progresses.”
Looking ahead, he said Tatton’s board remains confident in its ability to deliver on its ambition of reaching £30bn of AUM/I before the end of the financial year 2029.