Trading Statement

RNS Number : 6776L

Tatton Asset Management PLC

23 April 2018

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain

23 April 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 year end update for the 12 months ended 31 March 2018.

The Group has performed well and the good progress reported in the interim results has continued. As a result, Group revenue and operating profit are in line with expectations.

Highlights

Assets under management of £4.9 billion at 31 March 2018 (31 March 2017: £3.9 billion) an increase of £1.0 billion or 25.6% over the year.

Paradigm Partners, the Group's IFA support services business continues to attract new members with client firms increasing to 368 (31 March 2017: 352).

Paradigm Mortgage Services, the Group's mortgage distribution and support services business, continues to grow with membership rising to 1,219 (31 March 2017: 1,069).

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

"The positive impact of our IPO has continued, and we are very pleased that the Group has performed in line with expectations. Increasing assets under management by £1.0 billion in the last twelve months to £4.9 billion, and £5.0 billion as at today, is a continued endorsement of the demand for a DFM service that offers competitive pricing and has delivered strong investment returns during challenging markets.  We look forward to reporting our full year results on 27 June 2018."

Enquiries:

Tatton Asset Management plc
Paul Hogarth (Chief Executive Officer)	[phone]
Lothar Mentel (Chief Investment Officer)	[phone]
Noel Stubley (Chief Financial Officer)	[phone]
Roddi Vaughan-Thomas (Head of Communications)	[phone]

Zeus Capital - Nomad and Broker	[phone]
Martin Green
Dan Bate
Pippa Underwood

Powerscourt - Financial PR	[phone]
Justin Griffiths
Mazar Masud

 

END

 

 

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