Investment manager and IFA support firm Tatton Asset Management has reported record net inflows of £3.7bn for the past year.

The figure represents 22.3% of opening AUM, the firm said in a trading update published today.

Total assets under management as at 31 March was £21.8bn, up from £17.6bn in March 2024.

The company has targeted reaching £30bn AUM by the end of March 2029 and said: “We have made a strong start towards reaching the £30bn target, adding £4.2bn in the first year.”

It added 135 IFAs in the year to reach a total of 1,110 IFA firm relationships.

Average monthly net inflows through the year were £307m. Net inflows in the first half year were £1.832bn, an average of £305m per month, with a further £1.855bn achieved in the second half year, an average of £309m per month.

Paul Hogarth, founder and CEO of Tatton Asset Management, said it was “a year that marks the strongest organic growth in our history.” He said it “reflects the unwavering trust our clients and IFA partners place in us.”

He added: “I remain confident in our long-term vision and achieving the £30bn AUM target in the coming years.”

The firm said that Roger Cornick, who has served as non-executive chairman since the company’s IPO in July 2017, will retire at the AGM at the end of July 2025. He will be replaced by Chris Poil, senior non-executive director of Tatton, subject to shareholder approval.

Mr Cornick said: “It has been a privilege to serve as chairman of Tatton Asset Management and to work alongside such a talented and dedicated management team. I am confident that the group is well-positioned to sustain the forward momentum that we have been able to achieve over this period – I will be retiring from an organisation with a very bright future.”

Paul Hogarth said: “Roger has been a great mentor and friend to me over the past eight years. While we are sad to see him step down, his legacy will endure in the strong foundation he has helped to build.”