Tatton Asset Management (TAM) Trading Update summary

Financial performance and inflows

• Achieved record H1 net inflows of £1.8bn, driving a £2.3bn increase in AUM, up 26.6% to £19.9bn.

• Organic net inflows averaged £305m per month, significantly higher than the previous year.

• Total AUM at period end reached £19.948bn, a 34.9% annual increase.

• Results are in line with board expectations, with continued growth in revenue and profits.

Business development and client growth

• Number of supporting IFAs increased to 1,038, a 6.5% rise since March 2024.

• Paradigm Mortgages completed £6.6bn in mortgages, up from £6.2bn in the previous half.

• Mortgage member firms rose to 1,930, and consulting member firms to 437.

Market environment and outlook

• Mortgage completions shifted towards lower margin product transfers due to market conditions.

• CEO notes improved housing market as inflation and interest rates declined.

• Company remains mindful of macroeconomic and geopolitical volatility, especially the UK Autumn Budget's impact on sentiment.

• Confident in making further progress in the second half of the year.