Frenkel Topping Group PLC on Monday said its independent financial adviser arm has signed a 50:50 joint venture deal with law firm Serious Injury Law Ltd.
The professional and financial services firm operating in the personal injury and clinical negligence space said the deal with Serious Injury Law extends its partnership programme to nine joint ventures.
The joint venture will see Serious Injury Law join with Frenkel Topping’s IFA division to provide services under the trading name Serious Law Investments Ltd.
Serious Injury Law Partners Matthew Dixon and Ben Priestley will act as directors of the joint venture company alongside Frenkel Topping Chief Operating Officer Mark Holt and Chief Financial Officer Elaine Cullen-Grant.
Frankel Topping said this joint venture was the ‘latest partnership in Frenkel Topping’s strategy to strengthen relationships with like-minded firms in the personal injury and clinical negligence space’, helping to introduce assets under management via its discretionary fund manager Ascencia Investment Management.
It said over 2022, AuM added from Frenkel Topping’s joint venture partners was £32.7m, around 25% of total AuM added during the year.
‘Our focus is on delivering the highest possible standards of client care and service through the lifetime of each case and beyond. Our joint venture with Frenkel Topping helps us do that, and enhances the bespoke services we can offer to our clients,’ said Serious Injury Law Managing Partner Tim Walters.
Frenkel Topping Chief Executive Officer Richard Fraser added: ‘As part of our strategy to grow our core business, Frenkel Topping Limited, we are formalising our relationships with high calibre firms, like Serious Injury Law, 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, ultimately supporting our objective to increase shareholder value.’
Shares in Frenkel Topping were flat at 72.00 pence each in London on Monday around midday.
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