Frenkel Topping strikes fifth joint venture in deal with law firm
AIM-listed financial services group Frenkel Topping has announced a 50:50 joint venture between its IFA arm and law firm, Pattinson Brewer, taking its joint ventures to five in the personal injury and clinical negligence space.
The Salford-based group’s independent financial advice division, Frenkel Topping Limited, and Pattinson Brewer, will provide services jointly under the trading name Pattinson & Brewer Financial Services with the aim of delivering a ‘consistently caring’ legal and financial advice service to clients after injury.
The arrangement is the latest in Frenkel Topping’s strategy to strengthen relationships with firms in the personal injury and clinical negligence space who share similar values.
Through the joint venture business, Frenkel Topping will become Pattinson Brewer’s preferred partner for clients who require investment advice post settlement and Pattinson & Brewer Financial Services will extend Pattinson Brewer’s suite of services to meet the needs of the most complex client.
Frenkel Topping says both firms have earned reputations as experts in personal injury and offer a combined 160 years’ experience in the professional services field.
Through its core business, Frenkel Topping Limited, the firm supports litigators pre-settlement in achieving the right outcomes, by providing expert witness services, and post-settlement to achieve the best long term financial outcomes for clients after injury. It boasts a client retention rate of 99%.
Established in 1890, and with strong links with the UK’s trade unions, Pattinson Brewer says it is at the forefront of fighting for workers’ rights. The team continues to work with the country’s biggest trade unions, but also directly with thousands of individuals after accident or serious injury.
The joint venture is expected to bring synergies and support future growth for both businesses.
Mark Holtm Frenkel Topping Limited managing director, said: “We have known and worked with the Pattinson Brewer team for many years.
“They are a highly respected firm who champion their clients’ cause, a principal which we share. Pattinson Brewer will provide life-after-settlement investment advice, which is often essential after a life-changing injury.
“Our partnership is expected to support future growth through new client wins adding to our AUM (assets under management).”
Richard Fraser, Frenkel Topping chief executive, said: “As part of our strategy to grow our core business, Frenkel Topping Limited, we have been aiming to deepen and strengthen relationships with partners who share our values.
“Pattinson Brewer have a clear purpose and set of values that put their clients at the heart of everything they do.
“These partnerships expand our significant network of new business referers and demonstrates our commitment to innovate and enhance our services, which, ultimately, will support our objective to increase shareholder value.”
Jane Radcliffe, managing partner of Pattinson Brewer, said: “We are delighted to partner with Frenkel Topping, whom we have trusted over the years to deliver IFA services and care to our clients who have required investment advice post-settlement.
“We have a similar culture and our clients remain at the core of everything we do, which was an essential consideration when partnering with Frenkel Topping. This joint venture solidifies our relationship and provides our clients with broader services and supports our growth strategy.”
