- Frenkel Topping, a leading provider of specialist independent financial advice on the investment of personal injury damages and clinical negligence awards, is trading in line with expectations, shareholders at the annual general meeting today will be told.

Chairman David Southworth will say that the current year has started well bd the company is focused on its stated objective of growing its geographic reach.

He will add: "Since the year-end we have added 2 fee earners, taking the total to 16, compared to 14 as at 31 December 2014. AUM has grown to approximately £640m during the first quarter, compared to £619m at the year end. As per our stated objective we expect recent hires to generate increases in AUM and recurring investment revenues as they develop their operations in 2016 and onwards.

"We now have an established presence in Manchester, London, Birmingham, Leeds, Cardiff and Bristol. The regional expansion across England and Wales continues to develop as planned and, as previously stated, is expected to deliver accelerated growth from 2016 onwards.

"Earlier this month we held an extremely successful Deputy Day in London, for Court of Protection specialists and experts, looking at the need to ensure freedom of choice, trust and effective decision making for clients. We will continue to host events aimed at further strengthening our relationships with advisers as we build on the progress we have made to date this year.

"Our underlying fundamentals remain strong with a 99% client retention rate for our Investment Management Services providing high levels of revenue visibility, helping to underpin continued profitability and cash generation."

Story provided by