- Independent financial advisor Frenkel Topping said it was performing 'well' and in line with the management's expectations since the start of the year following a surge in new investment mandates.

Investments made last year mainly in IT systems, the Frenkel Topping Group Training Academy and marketing, have translated into a healthy 43% rise in new investment mandates and a 33% increase in expert witness instructions, the latter being a 'key' pipeline for future AUM growth, the company said.

'We have a well-defined five-year strategy which is centred on creating excellence in everything we do to maintain our high client retention rate and our position as the UK's market leading asset manager for personal injury and clinical negligence awards, said Richard Fraser, Chief Executive Officer.

'The Company is exploring a number of opportunities to widen its market reach and further develop the Obiter brand, in addition to creating new socially responsible investment portfolios within Ascencia.'

'We have started the year with good momentum, building on a solid performance in 2018 and the business is performing well and in line with the Board's expectations.'

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