RCS - Frenkel Topping Grp - Partnership Programme Grows with New Joint Venture

Frenkel ToppingAnnouncement

13/11/2023 07:00

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RNS Number : 1409T  Frenkel Topping Group PLC  13 November 2023

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Frenkel Topping Group plc

("Frenkel Topping" or the "Company" or the "Group")

Frenkel Topping Partnership Programme Grows with Hodge, Jones & Allen Joint Venture

 

 

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
Hodge, Jones & Allen ("HJA"), expanding its working partnerships with the
country's top-tier law firms.

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
ending 31December 2022 the total AUM added from Frenkel Topping's JV partners
was £32.7m which represents c.25% of total AUM added during the year.
Mutually beneficial JVs is a core component of Frenkel Toppings five year
growth strategy and the Company continues to work on further similar
opportunities.

 

The joint venture sees Hodge, Jones & Allen, join with Frenkel Topping's
independent financial advice division, to provide services under the trading
name HJA FINANCIAL MANAGEMENT SERVICES LIMITED.

 

Founded in 1977, Hodge, Jones & Allen has been providing dedicated,
specialist legal services for over forty five years. Their specialisms in
personal injury and clinical negligence combined with their philosophy to
enable individuals to have access to justice where otherwise might be denied
align harmoniously with Frenkel Topping's values and ethos creating the
foundation for a strong working partnership.

 

 

Hodge, Jones & Allen Partner Chun Wong and Finance Director Judy Hardy
will act as directors of the JV company alongside Chief Operating Officer,
Mark Holt and Chief Financial Officer, Elaine Cullen- Grant from Frenkel
Topping.

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.

Hodge, Jones & Allen is the latest partnership in Frenkel Topping's
strategy to strengthen relationships with likeminded firms in the PI Injury
and CN space and to help introduce Assets Under Management to the Group via
its discretionary fund manager (DFM), Ascencia Investment Management.

 

 

Mark Holt, Chief Operating Officer of Frenkel Topping Group, said:

"Our Working in Partnership programme is designed to create alliances between
Frenkel Topping and stand out firms 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 Hodge
Jones & Allen is an excellent illustration of how collaborative
partnerships can bring significant advantages to our clients."

 
Chun Wong, Partner at Hodge, Jones & Allen, said:

"Working collaboratively with leading experts is important for us as we
understand the complexities and far- reaching impact on peoples' lives
following a serious and catastrophic injury. Our joint venture with Frenkel
Topping will allow us to offer an even broader range of services to our
clients and retain our focus on delivering excellence in client care
throughout each case and beyond."

 

Patrick Allen, Senior Partner at Hodge Jones & Allen said:

"We are delighted to be working with Frenkel Topping as our partnership
extends our services for the benefit of our clients and is an important next
step in the ongoing development of Hodge Jones & Allen."

 

 

            Richard Fraser, CEO of Frenkel Topping, said:

"As a component to  our strategy to grow our core business, Frenkel Topping
Limited, we are solidifying our relationships with top-tier firms, like Hodge
Jones & Allen who share our client-first philosophy. Joint ventures like
this one expand our network of new business referrers and demonstrate our
commitment to innovate and enhance our services, firstly to benefit our
clients and then to support our objective to increase shareholder value."

 

For further information:

 Frenkel Topping Group plc                                       www.frenkeltoppinggroup.co.uk (http://www.frenkeltoppinggroup.co.uk/)
 Richard Fraser, Chief Executive Officer                         Tel: 0161 886 8000

 Cavendish Capital Markets Ltd (Nominated Advisor & Broker)      Tel: 020 7220 0500
 Carl Holmes/Abigail Kelly (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.

 

For more information visit:  www.frenkeltoppinggroup.co.uk
(http://www.frenkeltoppinggroup.co.uk/)

 

 

 

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