Total assets under management rose 19.8% year-on-year to £14.78bn for investment manager Tatton Asset Management for the six months ended 30 September.

The asset manager attributed the growth to an increase in IFAs using their services as well as a positive market performance of £0.1bn.

Tatton saw a 5.2% increase in the number of supporting IFAs to 914 over the six month period.

Net inflows for the asset manager averaged at £152m per month for the period.

Total net inflows were £0.91bn, marginally ahead of the previous six months (H2 2023: £0.89bn).

Paradigm, Tatton’s IFA support services business saw a drop in the number of mortgage completions over the period.

Completions were £6.9bn in comparison to £7.3bn in the same period last year.

However, mortgage member firms increased to 1,798 (31 March 2023: 1,751) and cpnsulting member firms rose from 431 to 437.

Paul Hogarth, founder and CEO of Tatton Asset Management, said: “The group continues to make good progress amidst the continuing backdrop of persistently volatile economic and market conditions.

“It has been very pleasing to see Tatton's sustained strong organic net inflows in an environment where in general, asset managers have been suffering redemptions.

“We look forward to making further progress over the rest of the year, while remaining acutely aware of the continuing macroeconomic turbulence and market volatility.”

Tatton acquired of 50% of the share capital of DFM 8AM Global Limited in August 2022.

8AM added £1.06bn of assets under influence during the six month period.

Tatton paid £7m for its half-share in the business. 

Tatton expects to release its full results for the period on 16 November.