Cheshire-based Tatton Asset Management plc said it is aiming to almost double its assets under management over the next five years, after reporting higher annual revenue, profit and net inflows.

For the financial year ended 31 March, it reported revenue up 14% to £36.807 million and adjusted operating profit up 13% to £18.514 million. 

Assets under management rose 30% to £16.551 billion, with organic net inflows of £2.303 billion. It set a new growth target of £30 billion assets under management and influence (AUM/I) by the end of the financial year 2029.

Paul Hogarth, Chief Executive Officer, said: “Looking ahead, we are very optimistic about our growth trajectory and the opportunities that lie ahead. Our goal is to exceed our £30 billion AUM/I target, enhance our market position, and continue to support and champion the IFA community.”

“Our focus will remain on maintaining organic growth, improving operational efficiency, and fulfilling our commitments to our stakeholders. We are confident that our strategic approach, coupled with our dedication to excellence, will lead to continued success and solidify our position as a leading asset management firm in the UK.”