Tatton Asset Management PLC
LSE:TAM
Tatton Asset Management PLC
Tatton Asset Management Plc engages in the provision of fund management and business consulting services. The company is headquartered in Wilmslow, Cheshire and currently employs 86 full-time employees. The company went IPO on 2017-07-06. The firm provides support services, such as compliance and business advice to help directly authorized firms respond to market and regulatory changes, mortgage and protection propositions, and access to discretionary fund management through fund platforms. The firm operates Tatton Investment Management, Paradigm Consulting and Paradigm Mortgage Services. Paradigm Consulting is a provider of financial consultancy support to directly authorized wealth managers, financial advisers and mortgage advisers in the United Kingdom. Paradigm Mortgage Services is engaged in the mortgage distribution business and provides access to the lending panel as well as mortgage and related support services, including specialist lending distributors, conveyancing partners and general insurance via Paradigm Protect.
Tatton Asset Management Plc engages in the provision of fund management and business consulting services. The company is headquartered in Wilmslow, Cheshire and currently employs 86 full-time employees. The company went IPO on 2017-07-06. The firm provides support services, such as compliance and business advice to help directly authorized firms respond to market and regulatory changes, mortgage and protection propositions, and access to discretionary fund management through fund platforms. The firm operates Tatton Investment Management, Paradigm Consulting and Paradigm Mortgage Services. Paradigm Consulting is a provider of financial consultancy support to directly authorized wealth managers, financial advisers and mortgage advisers in the United Kingdom. Paradigm Mortgage Services is engaged in the mortgage distribution business and provides access to the lending panel as well as mortgage and related support services, including specialist lending distributors, conveyancing partners and general insurance via Paradigm Protect.
Strong Growth: Tatton delivered a strong first half, with revenue up 19% and operating profit up 20%, as well as robust net flows into its investment products.
Rising AUM: Funds under management (AUM) reached £27.1 billion, boosted by £1.7 billion of net new flows in the period and continued momentum into the new half.
Solid Margins: Group operating margin increased to 51%, with Tatton’s own margin at 64%, reflecting efficient cost control.
Dividend Increase: Interim dividend raised to 12p, with the policy to pay out 17% of adjusted earnings split over two payments.
Perspective Exit: Perspective, a significant client, will leave in January, but management is confident of reaching the £30 billion AUM target organically, even after this loss.
Market Position: Tatton maintains a strong market share around 12% in MPS and expects ongoing industry demand and growth.
Strong Balance Sheet: The company remains debt free with £34 million in cash, giving it flexibility for future investments.
Positive Outlook: Management says the company is on track to meet full-year expectations, with net flows and margins within guided ranges.
