Business
FEN Announces Joint Venture with CFG Law
FEN Announces Joint Venture with CFG Law.
About this update from Frenkel Topping Group Plc
[{"type":"text","content":"\n \n \n 25 July 2022\n \n \n RNS REACH\n \n \n \n Frenkel Topping Group plc\n \n \n \n (\"Frenkel Topping\" or the \"Company\" or the \"Group\") \n \n \n \n Frenkel Topping Partnership Programme Grows with CFG Law Joint Venture\n \n \n \n \n \n \n \n \n \n \n \n Frenkel Topping Group plc (AIM: FEN), a specialist professional and financial services firm operating in the Personal Injury (PI) Clinical Negligence (CN) space , is pleased to announce that the Group, has extended its 'Working in Partnership' programme with a 50:50 joint venture (JV) between its IFA arm and law firm, CFG Law, taking its joint ventures to eight in the Personal Injury and Clinical Negligence space.\n \n \n \n \n \n The joint venture sees CFG Law, part of the Client First Group, provide services jointly with Frenkel Topping's independent financial advice division, under the trading name CFG Financial Services Limited (\"CFGFS\").\n \n \n \n \n \n CFG CEO, Richard Clark, and Executive Chairman Alastair Fernie will act as directors of the company alongside Chief Operating Officer, Mark Holt and Chief Financial Officer Elaine Cullen-Grant from Frenkel Topping Group.\n \n \n \n \n \n With the aim of delivering both a seamless legal and financial advice journey to clients involved in litigation after injury, illness or clinical negligence, the new joint venture combines the two firms' skills and resources in the specialist area of professional services.\n \n \n CFG is the latest in Frenkel Topping's strategy to strengthen relationships with likeminded firms in the Personal Injury and Clinical Negligence space. The Group's seven other JVs have added c.£68.5m of Assets Under Management (\"AUM\") to the Company to date and represented 16% of AUM added in the last financial year. The Board is confident that this JV with CFG will add to this and that the \"Working in Partnership\" programme continues to bear fruit and be a critical inflow of AUM for the Group in the future.\n \n \n \n \n \n Through the CFGFS joint venture, Frenkel Topping will become CFG's preferred partner for clients who require investment advice post settlement and CFG Financial Services Ltd will extend the law firm's suite of services to meet the needs of the most complex client. \n \n \n \n \n \n Both firms are well established in t...