Last checked at 13 Nov 2018 07:00
LEI 213800I5L3K7AT7A4R20
13 November 2018
Frenkel Topping Group plc
("Frenkel Topping" or the "Company")
Trading Update
Frenkel Topping Group plc, a specialist independent financial advisor and asset manager focussed on asset protection for vulnerable clients, today makes the following trading update:
The Company is pleased to announce that trading has been positive year to date and as a result the Company is currently trading in line with management expectations for the full year to 31 December 2018.
The Company has benefited from a number of new asset management and expert witness mandates, secured in the second half of the financial year. These wins reflect the significant investment made by the Company over the last 12 months, including the launch of the Frenkel Topping Training Academy to deepen its talent pool and nurture home grown skills.
Frenkel Topping's Expert Witness revenue has exceeded its annual target, an encouraging indication of future AUM growth as it enters 2019 and beyond. The complete pre-settlement service provides expert witnesses to work with clients with personal injury and clinical negligence damages settlements.
Richard Fraser, Chief Executive Officer of Frenkel Topping plc, said: "I am pleased to report that we are trading steadily. The new business we have won is testament to the investments made in the year, and importantly, shows further progress against the Company's strategy. Moreover, the new product offerings we have launched enhances our ability to both service clients and provide them with the highly skilled and expert service they require."
For further information:
Frenkel Topping Group plc www.frenkeltopping.co.uk
Richard Fraser, Chief Executive Officer Tel: 0161 886 8000
Stephen Bentley, Chief Finance Officer
Mark Holt, Group Commercial Director
FinnCap Ltd Tel: 020 7220 0500
Carl Holmes/James Thompson (Corporate Finance)
Tim Redfern / Richard Chambers (ECM)
TB Cardew frenkeltopping@tbcardew.com
Tom Allison/Shan Shan Willenbrock/ Tel: 020 7930 0777
Lucy Featherstone
About Frenkel Topping Group plc
Frenkel Topping provides specialist independent financial advice focussed on asset protection for clients. The specialist independent financial adviser has a market leading position providing advice and fund management services for personal injury trusts and clinical negligence awards and is well placed to provide services to a wider customer base.
The Company provides a range of wealth management services including bespoke investment portfolios, personal and corporate financial advice and tax planning. It is focused on increasing its assets under management by continued growth of the business by an increase in the number of highly qualified fee earners for the provision of its industry leading specialisms. It has a national presence with offices in Manchester, Birmingham, Cardiff, London and Leeds and has relationships and infrastructure in place to further grow its reach and target markets.