Frenkel Topping Group (LON: FEN), the specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients, will hold its Annual General Meeting today at 12pm at Frenkel Topping plc, Frenkel House, 15 Carolina Way, Salford, Manchester M50 2ZY. At the meeting, Non-executive Chairman Paul Richardson and Chief Executive Officer, Richard Fraser will comment on the performance and progress of the Group in 2018, as detailed in the results announcement published on 10 April 2019.
Richard Fraser, Frenkel Topping Group Chief Executive Officer, will say:
“We made significant investments in 2018 to grow and protect the business in a challenging market environment. Pleasingly, these investments, which were mainly in IT systems, the Frenkel Topping Group Training Academy and marketing, have translated into a healthy 43% rise in new investment mandates and a 33% increase in Expert Witness instructions, the latter being a key pipeline for future AUM growth.
“We have a well-defined five-year strategy which is centred on creating excellence in everything we do to maintain our high client retention rate and our position as the UK’s market leading asset manager for personal injury and clinical negligence awards. The Company is exploring a number of opportunities to widen its market reach and further develop the Obiter brand, in addition to creating new socially responsible investment portfolios within Ascencia.
“We have started the year with good momentum, building on a solid performance in 2018 and the business is performing well and in line with the Board’s expectations.”