Partnership Programme Grows with New Joint Venture

Reach 

Frenkel Topping Group plc

("Frenkel Topping" or the "Company" or the "Group")

Frenkel Topping Partnership Programme Grows with Hodge, Jones & Allen 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 Hodge, Jones & Allen ("HJA"), expanding its working partnerships 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. Over the financial year ending 31December 2022 the total AUM added from Frenkel Topping's JV partners was £32.7m 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 Hodge, Jones & Allen, join with Frenkel Topping's independent financial advice division, to provide services under the trading name HJA FINANCIAL MANAGEMENT SERVICES LIMITED.

Founded in 1977, Hodge, Jones & Allen has been providing dedicated, specialist legal services for over forty five years. Their specialisms in personal injury and clinical negligence combined with their philosophy to enable individuals to have access to justice where otherwise might be denied align harmoniously with Frenkel Topping's values and ethos creating the foundation for a strong working partnership.

Hodge, Jones & Allen Partner Chun Wong and Finance Director Judy Hardy 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.

Hodge, Jones & Allen 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:

"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 Hodge Jones & Allen is an excellent illustration of how collaborative partnerships can bring significant advantages to our clients."

Chun Wong, Partner at Hodge, Jones & Allen, said:

"Working collaboratively with leading experts is important for us as we understand the complexities and far- reaching impact on peoples' lives following a serious and catastrophic injury. Our joint venture with Frenkel Topping will allow us to offer an even broader range of services to our clients and retain our focus on delivering excellence in client care throughout each case and beyond."

Patrick Allen, Senior Partner at Hodge Jones & Allen said:

"We are delighted to be working with Frenkel Topping as our partnership extends our services for the benefit of our clients and is an important next step in the ongoing development of Hodge Jones & Allen."

"As a component to  our strategy to grow our core business, Frenkel Topping Limited, we are solidifying our relationships with top-tier firms, like Hodge Jones & Allen who share our client-first philosophy. 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."

For further information:     

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.