Frenkel Topping hails ongoing momentum as asset rise in April

Wed, 3rd Jun 2020

Financial adviser and wealth manager Frenkel Topping said monthly assets were up about 4% to £880m in April, reflecting net inflows and 'strong' levels of new business wins. The gains in April followed solid annual performance, with revenue and pre-tax profit increasing by 12% and 9% to £8.6m and £1.2m respectively. 'The year began robustly with significant AUM mandates won and new business wins from our expert witness work, the latter a key pipeline for future AUM growth,' the company said in a statement. At 9:54am: (LON:FEN) Frenkel Topping Group PLC share price was +2p at 41.5p Story provided by StockMarketWire.com

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