Tatton updates

by | Oct 18, 2018

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Tatton Asset Management, the AIM-quoted on-platform DFM and IFA support services business, has provided un-audited period end update for the six months ended 30 September 2018.

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

The statement added that:

  • Tatton Investment Management continues to grow strongly. Assets under management increased to £5.7bn at 30 September 2018 (31 March 2018: £4.9bn) an increase of £0.8bn, 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, 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.“

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