TIDMFEN
Frenkel Topping Group PLC
31 July 2023
31 July 2023
RNS REACH
Frenkel Topping Group plc
("Frenkel Topping" or the "Company" or the "Group")
Frenkel Topping Partnership Programme Grows with Lime Solicitors
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 Lime Solicitors ("Lime"),
reaching double digits in partner firms and expanding its work 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. The Group now has 10 JVs with leading law
firms. Over the financial year ending 31December 2022 the total AUM
added from Frenkel Topping's JV partners was GBP32.7m 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 Lime Solicitors, ranked in the Chambers
Guide to the legal profession and in the Legal 500 as experts in
their field, join with Frenkel Topping's independent financial
advice division, to provide services under the trading name Lime
Wealth Management Limited.
Part of Shakespeare Martineau LLP, one of the 55 largest law
firms in the country, Lime operates nationwide and specialises in
personal injury, medical negligence inheritance disputes, power of
attorney and deputy disputes and professional negligence
issues.
Two senior partners at Lime, Tony Hannington and Mark Beesley
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.
Lime Solicitors 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:
"We have partnered with one of the most high calibre firms in
our field in our tenth joint venture with Lime. Tony and his team
have an incredible amount of expertise and experience and
understand the real impact of significant injury on daily life.
"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 Lime is
another fantastic example of how complementary joint ventures work
to the client's benefit."
Tony Hannington, Head of Lime Solicitors, said:
"Not only is it hugely important to us that our clients receive
the best rehabilitative care through trusted health care providers,
but it's also crucial they are supported by the best financial
planning advice. Many of our clients are not experienced in
investing or managing large sums of money which are often required
to fund significant future care costs for the rest of their lives
and it can be a daunting prospect as they consider their future,
following an accident or injury that wasn't their fault.
"Lime have signposted clients for such specialist advice for a
number of years and after discussions with Frenkel Topping over
several months, we knew that they were the right business for us to
join forces and bring our respective strengths together for the
benefit of 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 Lime Solicitors, 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, firstly to benefit our clients and then to
support our objective to increase shareholder value."
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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