Financial services firm on track to meet its full-year expectations

Salford-based financial services firm Frenkel Topping said full year results are expected to be in line with expectations, in a trading update for the year to December 31, to the market today.

The company said it has made good progress in the period under review, driven by organic growth and new business, which has increased assets under management, despite the continuing political uncertainty and weakness in equities.

The company said it 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.”

However, the company said the expectations are subject to the completion of year-end financial close and audit processes.

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.”

The company added that a comprehensive update and review with be provided with its annual results, which are expected to be announced on Thursday April 9.