Frenkel Topping Group PLC Appointment of Tatton Asset Management to Ascencia (8223A)
03 June 2019 - 4:00PM
UK Regulatory
TIDMFEN
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 GBP320m 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 Tel: 0161 886 8000
Officer
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
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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END
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