Frenkel Topping Group (LON: FEN), the specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients, has provided the following update ahead of its year end on 31 December 2019.
The Company has made good progress in the period under review driven by organic growth and new business, which has increased AUM despite the continuing political uncertainty and weakness in equities, and the Company is also pleased to see continued high client retention rates. The Board therefore expects that the Company’s trading for the full year will be in line with management expectations.
The expectations noted above are subject to the completion of year-end financial close and audit processes. A comprehensive update and review with be provided with the Company’s annual results, which are expected to be announced on Thursday 9 April.
Richard Fraser, Chief Executive Officer of Frenkel Topping Group plc, said:
“I am pleased to report our full year results are expected to be in line with management’s expectations. This has been another period of strong progress as we continue to benefit from the investments we made, which have created value across the business and a robust platform for growth.”
