Tatton Asset Management PLC Trading Statement (3600E)
18 October 2018 - 5:00PM
UK Regulatory
TIDMTAM
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 GBP5.7 billion at 30 September 2018
(31 March 2018: GBP4.9 billion) an increase of GBP0.8 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) +44 (0) 161 486 3441
Lothar Mentel (Chief Investment +44 (0) 161 486 3441
Officer) +44 (0) 161 486 3441
Zeus Capital - Nomad and Broker
Martin Green (Corporate Finance)
Dan Bate (Corporate Finance +44 (0) 20 3829 5000
and QE) +44 (0) 20 3829 5000
Pippa Underwood (Corporate Finance) +44 (0) 20 3829 5000
Media Enquiries
Roddi Vaughan-Thomas +44 (0) 20 7190 2952
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END
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