RCS - Frenkel Topping Grp - Frenkel Topping Partnership Programme Grows

Frenkel ToppingAnnouncement

13/02/2023 07:00

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RNS Number : 6294P  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 £32.7m 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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