Saxon Financial Inc. today reported record financial results for the third quarter ended September 30, 2006. The company continued its strong performance with 24% growth in revenue and a 32% increase in earnings over the third quarter of 2005.

Saxon’s assets under management grew 14% over the 12 months ended September 30, reaching a record $11.9 billion.

“Saxon has achieved impressive results this year thanks to double-digit revenue growth in all three lines of business and disciplined financial management,” said Allan Smith, president and CEO, in a news release. “Saxon is well-positioned to continue to deliver client and shareholder value by capitalizing on our strengths: consistent long-term investment performance, a focused product offering and fair pricing.”

Saxon’s Q3 revenue was $12.6 million, a 24% increase over the $10.1 million reported in the third quarter of 2005.

Management fee revenue increased in each business segment: 22% in mutual funds; 23% in institutional; and 13% in private client.

Saxon’s net income for the quarter was $3.9 million, up 32% over the $3 million recorded in the third quarter of 2005.

Saxon Financial’s institutional investment management subsidiary, Howson Tattersall Investment Counsel Ltd., earned two significant new mandates in the quarter from Altamira Investment Services. In November 2006, Howson Tattersall assumed management of Altamira Canadian Value Fund and Altamira Global Value Fund, with a combined value of $145 million.