Tatton A tton Ass sset et Ma Mana nagemen gement t Pl Plc Spring 2018 P pring 2018 Par artner F tner For orum um Paul l Hogarth “Our first year as a Plc”
2 TRADING STATEMENT • Tatton AUM £5.0bn from £3.9bn • PPL 368 Firms • PMS 1219 Firms
Shar Share Pr e Price ice and Mar and Market C et Cap p AT IPO NOW Share Price £1.56 £2.07 Market Cap £87,000,000 £116,000,000 Cash at bank £11m Share price up 35% since float (highest £2.46) Forthcoming dividend
Significant Significant Shar Shareholder eholders s SHAREHOLDER NAME PERCENTAGE SHARES HELD Liontrust Investment Partners LLP 10.6% Blackrock INC 10.2% Lombard Odier Investment Managers Group 6.2% Legal & General Investment Management Limited 5.7% Miton Group PLC 5.7% Chelverton 5.2% Kames Capital PLC 4.4%
Gr Group S oup Str truct uctur ure Tatton Asset Management PLC Paradigm Partners Tatton Capital Paradigm Mortgage Limited (“Tatton” or Paradigm Partners Tatton Capital Limited Services “TCL”) (“Paradigm” or “PPL”)
What’s Changed • Same Management Team • Same day-to-day control • More rigour • More professional • Enhanced board - Chairman - Non Exec Director
What’s Changed • Stronger market position • Stronger profile • No regrets • Easier for new firms to use Tatton • So much Due Diligence available in the market
FCA FCA Asset Asset Mana Management Mar gement Market Study et Study Value for money assessment/reporting *BIG WIN FOR TATTON* All AFM to make • Public statement assessing value of their funds
FCA FCA Asset Asset Mana Management Mar gement Market Study et Study Value for money assessments Considering: 1. Quality of service 2. Performance 3. Costs 4. Economies of scale 5. Comparable market rate 6. Comparable services
Industry Trends Industry Trends • Direction of traffic • Reduce ongoing charges • OCF Down Down Down • Not all at the expense of the IFA • ARR = 0.804%
The The Lang C Lang Cat at Report Report into CIP into CIP The Lang Cat found that the bracket of firms that flow 80% or more of their new business into a CIP now stands at 84%: 1. In house 2. Multi-Manager 3. Platform MPS
Which Which CIP CIP to cho to choose? ose? Why use a DFM MPS? 1. You don’t want to make investment decisions any more 2. You prefer portfolios to single-instrument multi- asset funds 3. You want discretionary management without using the DFM’s custody
TATT TTON ON Blend Blended ed (Cor (Core) Fun e) Funds ds no now w Liv Live 3 OEICS Tatton Blended Cautious OEIC Tatton Blended Balanced OEIC Tatton Blended Active OEIC • Available off platform ie SIPPS or onshore/offshore bonds • On platform where DFM isn’t applicable • Also available on all platforms for GIA’s.
Tatt tton Cor on Core e (Blended) D (Blended) DFM FM por portf tfolio olio funds funds Brewin’s Risk/OCF Tatton Jupiter SEI Premier Core Liberation Cautious 0.59 0.95 1.48 1.05 1.31 Balanced 0.64 0.94 1.63 1.10 1.37 Active 0.71 1.01 1.73 1.15 1.44 DFM charging level for MM funds!
Tatt tton Blended (Cor on Blended (Core) Funds e) Funds Where are they available? • Fidelity Funds Network Live on- • Nucleus • Wealth time • Amber • Elevate • Transact • Aegon • Standard Life • Aviva • Novia • ATS • Acentric • James Hay • A J Bell
Tatt tton Blended (Cor on Blended (Core) Funds e) Funds Pending- • OMG • True Potential • Zurich • Scottish Widows • CO Funds (institutional and Retail)
Aim Aim IHT no IHT now on t w on the mo he move • Assets now heading towards £20m • Latest performance results
Hilton Hilton Upda Update te NOT TRAVELODGE • On track albeit late • Deliver first full set of results • City lawyers already appointed • Structuring paper complete • Strategy board meeting to follow
Tatt tton VIP on VIP
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