Tatton Asset Management (TAM) Trading Update summary

Trading and financial performance

• Achieved record net inflows of £3.7bn, a 60.1% increase year-on-year, representing 22.3% of opening AUM.

• Total AUM/I rose 24.0% to £21.8bn as of 31 March 2025, up from £17.6bn the previous year.

• Added 135 new IFA firm relationships, reaching 1,110, a 13.8% increase.

• Paradigm Mortgages saw completions rise 3.6% to £13.7bn, with a stronger H2 pipeline.

• Financial results for FY25 are expected to be in line with market expectations.

Strategic initiatives and outlook

• First year of the five-year "Roadmap for Growth" strategy targeting £30bn AUM/I by March 2029.

• Strong start toward the growth target, with £4.2bn AUM/I added in the first year.

• Consistent monthly net inflows averaging £307m, with momentum sustained throughout the year.

• Board remains optimistic despite economic volatility, focusing on empowering advisers and delivering stakeholder value.

Leadership changes

• Chairman Roger Cornick to retire at the July 2025 AGM after leading since the 2017 IPO.

• Chris Poil, Senior Non-Executive Director, will be appointed as successor, pending shareholder approval.

• Cornick credited with transforming the group into a market leader and building a trusted brand.

• CEO Paul Hogarth praised Cornick's mentorship and highlighted the group's strong FY25 performance.