Appointment of Tatton Asset Management to Ascencia

RNS Number : 8223A

Frenkel Topping Group PLC

03 June 2019

 

Frenkel Topping Group plc

("Frenkel Topping" or "the Company")

Appointment of Tatton Asset Management Limited ("Tatton") as Investment Manager to the core and passive products of Ascencia Investment Management ("Ascencia")

Frenkel Topping (AIM: FEN), the specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients, is pleased to announce the appointment of Tatton as investment manager for Ascencia, the Company's discretionary fund manager. Tatton will manage Ascencia's core and passive products only and the agreement is for an initial three years. Tatton is the investment management firm of Tatton Asset Management plc (AIM: TAM).

As previously announced at the Company's final results on 10 April, Ascencia is performing well and AUM has grown to £320m as at the end of Q1 2019. The appointment of Tatton is part of the Company's strategy to expand its asset management capabilities and this, together with Wellian Investment Solutions Limited as its portfolio research partner will enable the management team to further scale the business and offer a broader range of products.

Richard Fraser, CEO of Frenkel Topping said:

"The appointment of Tatton goes to the heart of our strategy - to scale the business and, as we begin to execute our previously outlined M&A strategy, Frenkel Topping requires the right partners and complementary expertise to manage investments effectively. Tatton's focus on risk-adjusted returns, cost and performance is line with our conservative investment approach and we look forward to working with them."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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.

 

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