Frenkel Topping (LON: 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 (LON: TAM).
As previously announced at the Company’s final results on 10 April, Ascencia is performing well and AUM has grown to £320m 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.”