Tatton Asset Management Plc (GB:TAM) has released an update.
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Tatton Asset Management PLC reports a robust financial performance for the year ended 31 March 2024, with a 13.9% increase in revenue and a 12.9% hike in adjusted operating profit, indicating strong growth driven by a significant rise in assets under management (AUM/I), which surpassed its three-year target by 17.4%. The company has set an ambitious target of reaching £30 billion in AUM/I by the end of FY 2029, following a remarkable year that included a 26.9% increase in AUM/I to £17.6 billion. CEO Paul Hogarth expresses confidence in the company’s strategic approach and its focus on supporting the Independent Financial Adviser (IFA) community to achieve future growth.
For further insights into GB:TAM stock, check out TipRanks’ Stock Analysis page.
