TIDMFEN
Frenkel Topping Group PLC
13 February 2023
13 February 2023
REACH
Frenkel Topping Group plc
("Frenkel Topping" or the "Company" or the "Group")
Frenkel Topping Partnership Programme Grows Again with Top Tier
Law Firm, Serious Injury Law
Frenkel Topping Group plc (AIM: FEN), a specialist professional
and financial services firm operating in the Personal Injury (PI)
and Clinical Negligence (CN) space, is pleased to announce it has
extended its 'Working in Partnership' programme with a 50:50 joint
venture (JV) between its IFA arm and the niche law firm, Serious
Injury Law, taking its joint ventures to nine and expanding its
reach into the country's top-tier law firms in its sector.
The joint venture sees Serious Injury Law, recommended as a Top
Tier firm by the Legal 500, join with Frenkel Topping's independent
financial advice division, to provide services under the trading
name Serious Law Investments Ltd.
Serious Injury Law Partners Matthew Dixon and Ben Priestley will
act as directors of the JV company alongside Chief Operating
Officer, Mark Holt and Chief Financial Officer Elaine Cullen-Grant
from Frenkel Topping Group.
With the aim of delivering both a seamless legal and financial
advice journey to clients involved in litigation after serious
injury, the new joint venture combines the two firms' skills and
resources in the specialist area of professional services.
Serious Injury Law is the latest partnership in Frenkel
Topping's strategy to strengthen relationships with likeminded
firms in the Personal Injury and Clinical Negligence space and to
help introduce Assets Under Management to the Group via its
discretionary fund manager (DFM), Ascencia Investment
Management.
Ascencia, which specialises in investing for vulnerable clients,
has continued to demonstrate positive performance against a
backdrop of wider market contraction in recent years, highlighting
its expertise in managing multi-asset investment solutions that are
positioned to capture the upside of market fluctuations, while
aiming to reduce the negative impact of market turbulence on client
assets.
Through the joint venture, Frenkel Topping will become one of
Serious Injury Law's preferred partners for clients requiring
investment advice post settlement and Serious Law Investments Ltd
will extend the law firm's suite of services to meet the needs of
clients with catastrophic and other very serious injuries.
Both firms were established more than 30 years ago. Serious
Injury Law has dealt with some of the UK's largest and most complex
serious injury cases, building strong, trusted relationships with
many of the UK's leading medical experts, leading counsel, and
national serious injury charities, since its formation in 1989. The
firm specialises in high-level injury cases including acquired and
traumatic brain injury, and spinal injury.
Frenkel Topping Group's work in Personal Injury and Clinical
Negligence includes its signposting service inside Major Trauma
Units (via Cardinal Management Ltd), expert witness services,
independent financial advice, cost consultants, discretionary fund
management, and care and case management.
Both firms deliver services nationally and the joint venture
between Serious Injury Law and Frenkel Topping is expected to bring
AUM inflow and support future growth for both businesses.
The Group's 'Working in Partnership' programme has nurtured
strong relationships in recent years with law firms who share the
focus on 'the whole client' and recognise the importance of
collaboration between key services and all affected parties after a
life-changing injury. Over the financial year the total AUM added
from Frenkel Topping's JV partners was GBP32.7m which represents
c.25% of total AUM added during the year.
Mark Holt, Chief Operating Officer of Frenkel Topping Group,
said:
"I have known and worked closely with Matthew, Ben, Tim and the
team at Serious Injury Law for many years and have the utmost
respect for their depth of expertise and their deserved reputation
for excellence and integrity in dealing with some of the UK's
largest and most complex serious injury cases.
"Our Working in Partnership programme is designed to create
alliances between Frenkel Topping and fellow businesses in the
Personal Injury and Clinical Negligence space who share the same
ethos and a mutual drive to achieve the right outcomes in
litigation and beyond settlement. Our partnership with Serious
Injury Law is another fantastic example of how complementary joint
ventures work to the client's benefit."
Tim Walters, Managing Partner of Serious Injury Law, said:
"We know from our experience how far-reaching the impact of
serious and catastrophic injury is. Our values of integrity,
excellence, transparency, trust and innovation, are at the centre
of every decision we make. Every organisation we work with has to
share those values and our commitment to helping those affected by
serious and catastrophic injury.
"Our focus is on delivering the highest possible standards of
client care and service through the lifetime of each case and
beyond. Our joint venture with Frenkel Topping helps us do that,
and enhances the bespoke services we can offer to our
clients.".
Richard Fraser, CEO of Frenkel Topping, said:
"As part of our strategy to grow our core business, Frenkel
Topping Limited, we are formalising our relationships with high
calibre firms, like Serious Injury Law, who share our client-first
mentality. Joint ventures like this one 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."
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/Abigail Kelly/Milesh Hindocha (Corporate
Finance)
Tim Redfern / Charlotte Sutcliffe (ECM)
About Frenkel Topping Group:
The Frenkel Topping 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 (PI) and clinical negligence (CN).
For more than 30 years the Group has worked with legal
professionals and injured clients themselves to provide
pre-settlement, at-settlement and post-settlement services to help
achieve the best long-term outcomes for clients after injury. It
boasts a client retention rate of 99%.
Frenkel Topping Group is focused on consolidating the fragmented
PI and CN space in order to provide the most comprehensive suite of
services to clients and deliver a best-in-class service offering
from immediately after injury or illness and for the rest of their
lives.
The group's services include the Major Trauma Signposting
Partnership service inside NHS Major Trauma Centres, expert
witness, costs, tax and forensic accountancy, independent financial
advice, investment management, and care and case management.
The Group's discretionary fund manager, Ascencia, manages
financial portfolios for clients in unique circumstances, often who
have received a financial settlement after litigation. 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).
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.
For more information visit: www.frenkeltoppinggroup.co.uk
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