Tatton acquires Verbatim funds and signs Fintel distribution deal

Pay up to £5.8m for Verbatim funds

Kathleen Gallagher
clock • 1 min read

Tatton Asset Management has announced the acquisition of £650m Verbatim funds and a strategic distribution with fintech and support service provider Fintel.

Tatton will pay a cash consideration of up to £5.8m for Verbatim's multi-asset and multi-index funds. £2.8m has been paid in cash on completion with the remainder being subject to certain performance conditions over the next four years. AUM at 15 June was £9.5bn, the acquisition will increase its AUM to £10.2bn. Paul Hogarth, chief executive officer of Tatton, said: "The transaction clearly demonstrates the progress we are making in executing on our growth strategy. We have set out a roadmap for growth over the next three years, growing our AUM organically and by acquisition and ext...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Navigating the Retirement Risk Zone

Partner Insight: Navigating the Retirement Risk Zone

Smoothed returns can play a crucial role in the approach to retirement, says Samantha Pardoe, senior investment development manager at Standard Life.

Sarka Halas
clock 26 February 2025 • 3 min read
PA Working Lunches: Long-term structural change with Scottish Mortgage

PA Working Lunches: Long-term structural change with Scottish Mortgage

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 25 February 2025 • 1 min read
Partner Insight: How smoothed funds can meet clients' needs

Partner Insight: How smoothed funds can meet clients' needs

Andy Brown, head of fund solutions at Standard Life, explains what led the firm to create its smoothed fund proposition.

Sarka Halas
clock 21 February 2025 • 2 min read