Tatton nears £6bn assets after 16% increase

Tatton Investment Management enjoyed a 16% increase in the value of assets under its management in the six-months ended 30 September as the total amount reached £5.7bn.

The £0.8bn increase comes as subsidiary businesses performed well during the period, with Paradigm Mortgage Services, a mortgage distribution and support firm, increasing its customer base by 6% and IFA support services Paradigm Partners by 4%.

Paul Hogarth, Tatton's founder and chief executive, said: "We are pleased with the continued growth of our assets under management which is a further endorsement of our DFM proposition that both lowers the cost of investment and delivers against given investment objectives while maintaining the highest investment management standards."

Hogarth added that, with interim results scheduled for release in the middle of November, the AIM traded company’s board are confident that full-year expectations will be met and further progress achieved.

Tatton Asset Management’s shares were up 0.38% at 262.00p at 0925 BST.