Saxon Financial Inc. today reported record financial results for the first quarter ended March 31. The company continued its strong performance with 20% growth in revenue and 32% increase in earnings over the first quarter of 2006.

Saxon’s assets under management grew 14% over the 12 month period ended March 31, reaching a record $13 billion.

“Saxon’s top and bottom line growth attest to the success of our business expansion efforts in marketing, sales and product development,” said Allan Smith, president and CEO of Saxon. “We will continue to leverage Saxon’s 21-year investment track record with strategic initiatives to reach individual investors, advisors and institutions.”

Saxon’s Q1 revenue was $13.6 million, a 20% increase over the first quarter of 2006.

Saxon’s net income for the quarter was $4.1 million, up 32% over the first quarter of 2006. Saxon’s financial discipline resulted in revenue growth that significantly outpaced expense growth.

Saxon Mutual Funds broadened its reach into the advisor channel during RRSP season with additional series of its successful principal-protected note, with performance tied to the award- winning Saxon Balanced Fund.

Saxon’s strong record of relative returns in weaker markets was again evident in the 12% outperformance of Saxon High Income Fund relative to the income trust index for the 1 year period ended March 31, 2007.

Saxon Financial’s institutional investment management subsidiary, Howson Tattersall Investment Counsel Limited, built on the success of 2006 with the addition of two new clients and three additional mandates from existing clients.