Tatton Asset Management PLC Appointment by Tenet Group (8369A)
03 June 2019 - 4:00PM
UK Regulatory
TIDMTAM
RNS Number : 8369A
Tatton Asset Management PLC
03 June 2019
3 June 2019
Tatton Asset Management plc (the "group")
Tatton Asset Management - deal agreed to run Managed Portfolio
Service for Tenet Group
Tatton Asset Management plc (AIM: TAM), announces today that
Tatton Investment Management Limited, its investment management
firm, has been appointed by Tenet Group, one of the UK's largest
financial adviser groups to provide a Managed Portfolio Service for
Tenet's appointed representatives and directly authorised
firms.
The three year appointment follows Tenet's decision to remove
its centrally supported advisory model portfolios and was made
after a market review of Managed Portfolio Service providers.
Paul Hogarth, Chief Executive Officer, Tatton Asset Management
plc said:
"This is a significant win for both companies and is a clear
endorsement of our long-term strategy of aligning our business with
the interests of financial adviser firms to our mutual benefit.
Tenet conducted a rigorous and demanding selection process and we
are delighted to have been selected. IFA firms of all sizes are
recognising the benefits of outsourcing their investment management
because of the difficulties in researching and maintaining
investment portfolios themselves and we are at the forefront of
this process."
Lothar Mentel, Chief Investment Officer, Tatton Asset Management
plc and Chief Executive Officer, Tatton Investment Management
Limited said:
"Our managed portfolio service offer very competitive charges
without any reduction in investment standards or service and are
also highly scalable. Our investment process of balancing low cost,
risk managed long term returns is a highly compelling combination
for advisers seeking an investment solution for their clients that
supports their business."
Mark Scanlon, Chief Executive at Tenet, commented:
"We remain committed to supporting our advisers' independence
and as one of the leading adviser support groups, we are constantly
seeking to bring our members great solutions to help their clients
meet their financial goals. Advisers may want to run their own
advisory model portfolios and other fund solutions, but we believe
that the efficiencies of the Tatton Managed Portfolio Service
provides great support for advisers and delivers a professional
end-customer experience. We are looking forward to working with
Tatton to continue delivering great customer outcomes."
For further information please contact:
Tatton Asset Management plc +44 (0) 161 486 3441
Paul Hogarth (Chief Executive Officer)
Paul Edwards (Chief Financial Officer)
Lothar Mentel (Chief Investment Officer)
Tatton Media
Roddi Vaughan-Thomas (Head of Communications
and Marketing)
Nomad and Broker +44 (0) 20 7139 1452
Zeus Capital +44 (0) 20 3829 5000
Martin Green (Corporate Finance)
Dan Bate (Corporate Finance and QE)
Pippa Hamnett (Corporate Finance)
Media Enquiries
Powerscourt +44 (0) 20 7250 1446
Justin Griffiths
Victoria Heslop
For more information, please visit:
www.tattonassetmanagement.com
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END
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