Not so wacky, but still unusual!
A new strategy appears to be delivering for an unusual business covered here. Elsewhere, a small AIM company developing a drug to treat Covid received positive news, but it remains a bit of a binary investment call. Read on here for our thoughts on these and other updates from the fast-moving world of AIM.
Tatton Asset: doing very nicely The latest update from Tatton Asset Management (AIM: TAM), the investment management and IFA support services business, suggests all is going well, although they didn’t provide a huge amount of informatio. For the six months ending 30 September 2021 total assets under management increased by 20.0% or £1.797 billion to £10.787 billion, with organic growth contributing 12.8%. Paradigm, the Group's IFA support services business, also continued to grow, with Mortgage firms increasing to 1,646 (31 March 2021: 1,612) and Consulting member firms increasing to 418 (31 March 2021: 407). It’s an interesting business model, with…