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Frenkel Topping hails 'good progress' in 2019

By Iain Gilbert

Date: Monday 09 Dec 2019

Frenkel Topping hails 'good progress' in 2019

(Sharecast News) - Financial advisor Frenkel Topping said on Monday that it has made "good progress" in 2019, driven by organic growth and new business.
Frenkel said the organic growth and new business wins had increased assets under management despite continued political uncertainties in the UK and weakness in global equities.

The AIM-listed company also said it had seen continued high client retention rates and, as a result, expects trading for the full-year to be in line with management expectations.

Chief executive Richard Fraser 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."

A comprehensive update and review will be provided with Frenkel's annual results on 9 April 2020.

As of 1000 GMT, Frenkel shares were up 2.41% at 34p.

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