Investment manager and IFA support firm Tatton Asset Management said operating profit climbed more than a fifth, 20.94%, to £13.111m, in the six months to the end of September.
It said group revenue increased by 18.6% to £25.691m.
Assets Under Management/Influence increased 29.6% to £25.848bn, up from the £19.948bn reported in September 2024. It said AUM/I as at November is £27.126bn and year to date net inflows are £2.067bn.
Organic net inflows were £1.684bn, an annualised increase of 16.1% of opening AUM with an average run rate of £281m per month.
Tatton’s IFA firms increased by 5.4% to 1,170 in the six months, up from 1,110 in March. The number of accounts increased by 8.6% to 167,150 in the period.
Paul Hogarth, chief executive officer of Tatton Asset Management, said: “Our continued ability to attract new IFA firms and strengthen relationships with existing partners highlights the scalability and resilience of our business model. While we have previously noted that the Perspective contract will conclude in January 2026, we remain confident in achieving our target of £30bn of AUM/I! by the end of FY29.”
The AUM relating to the Perspective contract was £3.507bn as at September and it contributed £333m of net inflows in the period, the company said.
Mr Hogarth reported that the group’s mortgage business Paradigm Mortgages increased completion volumes to £8.6bn during the period, supported by solid membership growth despite a challenging mortgage market. He added that Paradigm Consulting also continued to perform in line with expectations.
Looking ahead, he said: “We remain mindful of the ongoing macroeconomic and geopolitical challenges that may contribute to periods of market volatility. Despite these external headwinds, Tatton is well positioned to build on the strong progress made to date.
“Our strategy remains clear and focused, underpinned by the structural growth in demand for financial advice and the increasing appetite for model portfolio solutions. The Group has entered the second half with strong momentum and confidence in delivering results in line with market expectations for the full year.”
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