AGM Statement

RNS Number : 5147A

Frenkel Topping Group PLC

30 May 2019

 

Frenkel Topping Group plc

("Frenkel Topping" or "the Company")

AGM Statement

Frenkel Topping (AIM: FEN), the specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients, will hold its Annual General Meeting today at 12pm at Frenkel Topping plc, Frenkel House, 15 Carolina Way, Salford, Manchester M50 2ZY.  At the meeting, Non-executive Chairman Paul Richardson and Chief Executive Officer, Richard Fraser will comment on the performance and progress of the Group in 2018, as detailed in the results announcement published on 10 April 2019.

Richard Fraser, Chief Executive Officer, will say:

"We made significant investments in 2018 to grow and protect the business in a challenging market environment. Pleasingly, these investments, which were mainly in IT systems, the Frenkel Topping Group Training Academy and marketing, have translated into a healthy 43% rise in new investment mandates and a 33% increase in Expert Witness instructions, the latter being a key pipeline for future AUM growth.

"We have a well-defined five-year strategy which is centred on creating excellence in everything we do to maintain our high client retention rate and our position as the UK's market leading asset manager for personal injury and clinical negligence awards.  The Company is exploring a number of opportunities to widen its market reach and further develop the Obiter brand, in addition to creating new socially responsible investment portfolios within Ascencia.

"We have started the year with good momentum, building on a solid performance in 2018 and the business is performing well and in line with the Board's expectations."  

For further information:

Frenkel Topping Group plc	www.frenkeltopping.co.uk
Richard Fraser, Chief Executive Officer	Tel: [phone]
finnCap Ltd	Tel: [phone]
Carl Holmes/James Thompson   (Corporate Finance)   Tim Redfern / Richard Chambers (ECM)
TB Cardew	[e-mail]
Tom Allison   Shan Shan Willenbrock   Olivia Rosser	0207 930 0777

About Frenkel Topping: www.frenkeltopping.co.uk 

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 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 and London and has relationships and infrastructure in place to further grow its reach and target markets.

 

END

 

 

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