Frenkel Topping Group plc (LON: FEN), a specialist independent financial advisor and asset manager focussed on asset protection for vulnerable clients, has today made the following trading update:
The Company is pleased to announce that trading has been positive year to date and as a result the Company is currently trading in line with management expectations for the full year to 31 December 2018.
The Company has benefited from a number of new asset management and expert witness mandates, secured in the second half of the financial year. These wins reflect the significant investment made by the Company over the last 12 months, including the launch of the Frenkel Topping Training Academy to deepen its talent pool and nurture home grown skills.
Frenkel Topping’s Expert Witness revenue has exceeded its annual target, an encouraging indication of future AUM growth as it enters 2019 and beyond. The complete pre-settlement service provides expert witnesses to work with clients with personal injury and clinical negligence damages settlements.
Richard Fraser, Chief Executive Officer of Frenkel Topping Grup plc, said:
“I am pleased to report that we are trading steadily. The new business we have won is testament to the investments made in the year, and importantly, shows further progress against the Company’s strategy. Moreover, the new product offerings we have launched enhances our ability to both service clients and provide them with the highly skilled and expert service they require.”