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Tatton Asset Management PLC - Cheshire-based on-platform discretionary fund management and independent financial adviser support service - Updates on trading for the six months ended September 30. Says the group is performing well and results are in line with expectations, with continued growth in both revenue and profits driven by strong net inflows. Maintains high levels of organic net inflows averaging £152 million per month compared to £150 million in the year prior. Total net inflows were £910.0 million, marginally ahead of both the final six months of the prior financial year, £890.0 billion, and the same period last year £910.0 million. Adds these strong organic net inflows were supported by a positive market performance of £100.0 million. Total assets under management at the period end were £13.72 billion up 21% from £11.34 billion the year before. Expects assets under management to exceed three year strategic ‘Road Map to Growth’ target of £15.0 billion by March 2024. Current stock price: 459 pence 12-month change: up 34% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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