Trading Statement

RNS Number : 3600E

Tatton Asset Management PLC

18 October 2018

 

18 October 2018

Tatton Asset Management plc (or the 'Group')

Trading statement

Tatton Asset Management plc (AIM: TAM), the on-platform discretionary fund management (DFM) and IFA support services business, is today providing an un-audited period end update for the 6 months ended 30 September 2018.

The Group has performed well during the period and the progress outlined at the year-end results reported on 27 June 2018 has continued.

Highlights

Tatton Investment Management continues to grow strongly.  Assets under management increased to £5.7 billion at 30 September 2018 (31 March 2018: £4.9 billion) an increase of £0.8 billion or 16.3% for the six-month period.

Paradigm Mortgage Services, the Group's mortgage distribution and support services business, continues to grow well.  New members increased to 1,290 at 30 September 2018 (31 March 2018: 1,219).

Paradigm Partners, the Group's IFA support services business increased new member firms to 382 at 30 September 2018 (31 March 2018: 368).

Management remain confident that the Group continues to trade in line with the Board's full year expectations.  Tatton Asset Management expects to report its interim results on the 15 November 2018.

Paul Hogarth, Founder and CEO of Tatton Asset Management plc, said:

"We have delivered a good start to the year and we remain confident of achieving further progress through the rest of the financial year.  We are pleased with the continued growth of our assets under management which is a further endorsement of our DFM proposition that both lowers the cost of investment and delivers against given investment objectives while maintaining the highest investment management standards."

Enquiries:

Tatton Asset Management plc Paul Hogarth (Chief Executive Officer) Paul Edwards (Chief Financial Officer) Lothar Mentel (Chief Investment Officer)	[phone] [phone] [phone]
Zeus Capital - Nomad and Broker Martin Green (Corporate Finance) Dan Bate (Corporate Finance and QE) Pippa Underwood (Corporate Finance)	[phone] [phone] [phone]
Media Enquiries Roddi Vaughan-Thomas	[phone]

 

END

 

 

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