Tatton Asset Management (TAM) H2 2026 TU earnings summary

Executive summary

• Achieved strong underlying net inflows of £2.8bn, contributing to an 11.0% increase in AUM/I1 to £24.2bn for FY26 compared to FY25.

• Added 108 IFA firms, a 9.7% increase, reaching 1,218 relationships.

• Board expects FY26 financial results to be towards the upper end of market expectations.

Financial highlights

• Total AUM/I1 rose from £21.8bn to £24.2bn year-over-year.

• Underlying net inflows totaled £2.8bn, with H2 inflows of £1.454bn versus H1's £1.352bn.

• Market and investment performance contributed £2.5bn, up from £0.6bn in FY25.

• Total reported net outflows were £0.523bn, including a £3.3bn impact from the Perspective contract cancellation.

Outlook and guidance

• On track with the five-year 'Roadmap for Growth' strategy, targeting £30bn in AUM/I1 by March 2029.

• £6.6bn added in the first two years; £5.8bn needed over the next three years to meet the target.

• Board remains optimistic despite ongoing geopolitical and economic volatility.