TIDMFEN
Frenkel Topping Group PLC
18 November 2021
Frenkel Topping Group plc
("Frenkel Topping" or the "Company" or the "Group")
Joint Venture with Ralli Ltd
Legal and financial advice firms join forces to deliver
exceptional service in Personal Injury and Clinical Negligence
Cases
Frenkel Topping Group plc (AIM: FEN), a specialist financial and
professional services firm operating within the personal injury and
clinical negligence marketplace, is pleased to announce a joint
venture ("JV") between its IFA arm and law firm Ralli Ltd
("Ralli"), taking its joint ventures to six in the personal injury
("PI") and clinical negligence ("Clin Neg") space.
The Group's independent financial advice division, Frenkel
Topping Limited, and Ralli will provide services jointly under the
trading name Ralli Financial Services Ltd ("RFS"). Ralli Managing
Director, Martin Coyne, lead partner Adrian Anderson and Partner,
Stephen Fox, will act as directors of RFS alongside Frenkel
Topping's Group CEO, Richard Fraser, Chief Operations Officer, Mark
Holt and Chief Financial Officer, Elaine Cullen-Grant.
RFS combines the specialist skills of Frenkel Topping Limited
with Ralli to deliver a seamless legal and financial advice journey
to clients involved in litigation after severe injury, illness or
clinical negligence.
RFS is the latest in Frenkel Topping's strategy to strengthen
relationships with likeminded firms in the PI and Clin Neg space.
The Group's five other JVs have also added c.GBP55m of Assets Under
Management ("AUM") to the Company to date and we are confident this
JV will add to this.
Through RFS, Frenkel Topping will become Ralli's preferred
partner for clients who require investment advice post settlement
and RFS will extend the law firm's suite of services to meet the
needs of the most complex client cases. Both these
Manchester-headquartered firms deliver services nationally and this
JV is expected to bring synergies and support future growth for
both businesses.
With more than 30 years' experience in the industry, Frenkel
Topping has earned a reputation for commercial astuteness
underpinned by a strong moral obligation to its clients, employees
and wider society, with a continued focus on its Environmental,
Social and Governance (ESG) impact.
Through its core business, Frenkel Topping Limited, the firm
supports litigators pre-settlement, by providing expert witness
services, and post-settlement, to achieve the best long-term
financial outcomes for clients after injury. It boasts a client
retention rate of 99%.
Ralli is a specialist at supporting clients after personal
injury, road traffic accidents, medical negligence, serious injury
and military accidents.
Mark Holt, Managing Director of Frenkel Topping Limited,
said:
"I have known and worked with the team at Ralli for many years
and have always been impressed by their professionalism and
standard of client care. This alliance is a hugely positive
development for both firms by aligning two great businesses, with
one shared ethos and a mutual drive to put the client first."
Richard Fraser, CEO of Frenkel Topping Group, said:
"As part of our strategy to grow our core business, we are
formalising our relationships with high calibre firms who share our
client-first mentality. Joint ventures, like this one with Ralli,
expand our network of new business referrers and demonstrate our
commitment to innovate and enhance our services, ultimately
supporting our objective to increase shareholder value."
Martin Coyne, Managing Director of Ralli, said:
"We have trusted Frenkel Topping for 30 years to deliver IFA
services to our clients. This joint venture cements our shared
commitment to our clients to provide a consistently exceptional
service and allows us to offer our clients a broader suite of
services delivered with care, compassion and integrity."
For further information:
Frenkel Topping Group plc www.frenkeltopping.co.uk
Richard Fraser, Chief Executive Officer Tel: 0161 886 8000
finnCap Ltd Tel: 020 7220 0500
Carl Holmes/James Thompson/ Milesh
Hindocha (Corporate Finance)
Tim Redfern / Richard Chambers (ECM)
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About Frenkel Topping Group:
The financial services firm consists of Frenkel Topping Limited,
Ascencia Investment Management, Obiter Wealth Management, Equatas
Accountants, Forth Associates, A & M Bacon Limited and Partners
in Costs Limited.
The group of companies specialises in providing financial advice
and asset protection services to clients at times of financial
vulnerability, with particular expertise in the field of personal
injury and clinical negligence.
With more than 30 years' experience in the industry, Frenkel
Topping has earned a reputation for commercial astuteness
underpinned by a strong moral obligation to its clients, employees
and wider society, with a continued focus on its Environmental,
Social and Governance (ESG) impact.
Through its core business, Frenkel Topping Limited, the firm
supports litigators pre-settlement in achieving maximum damages, by
providing expert witness services, and post-settlement to achieve
the best long-term financial outcomes for clients after injury. It
boasts a client retention rate of 99%.
The Group's discretionary fund manager, Ascencia, provides
financial portfolios for clients in unique circumstances. In recent
years Ascencia has diversified its portfolios to include a
Sharia-law-compliant portfolio and a number of ESG portfolios in
response to increased interest in socially responsible investing
(SRI).
Obiter provides a generalist wealth management service -
including advice on Savings and Investments; Tax planning; Life
Insurance; Critical Illness and Income protection; Endowment advice
and Keyman Insurance, with a particular specialism in financial
advice on pensions and pension sharing orders for the clients of
divorce and family lawyers. Obiter applies the same core principles
of honesty, transparency, responsibility and reliability to
individuals, regardless of background or situation.
In 2019, Frenkel Topping launched its accountancy arm, Equatas,
to assist clients with tax planning and move closer to providing a
full end-to-end service under the Group brand, improving the
experience for clients and maintaining the Group's standards
throughout the client journey.
In 2020 Frenkel Topping acquired Forth Associates, a specialist
forensic accounting services business which assists in financial
and legal disputes. The acquisition makes Frenkel Topping the
largest independent provider of financial expert witness reports to
the claimant marketplace.
Earlier in 2021 Frenkel Topping acquired A & M Bacon Limited
a leading costs specialist in local government and Court of
Protection, and Partners in Costs Limited who specialise in civil
litigation claims, including personal injury (ranging from
catastrophic injury to clinical negligence), professional
negligence, commercial claims and court of protection costs.
For more information visit: www.frenkeltoppinggroup.co.uk
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