Tatton Asset Management to acquire 50% stake in 8AM Global.

Tatton Asset Management, a provider of on-platform only discretionary fund management, regulatory, compliance and business consulting services, agreed to acquire 50% stake in 8AM Global, a specialist provider of model portfolio services and investment funds which can only be accessed via an independent financial adviser. Financial terms were not disclosed. "We are delighted with the proposed sale of 50% of the share capital of 8AM to Tatton Asset Management plc. The sale will allow 8AM to build on its success and provide us with access to the know-how and expertise of one of the market leaders in the MPS space. It will act as a springboard for the growth of our assets under management and provide advisers and investors with the comfort that the development and resilience of the 8AM products will continue to be at the forefront of our plans,” Jeremy Nunn, 8AM Global Managing Director.