9th Dec 2019 12:14
(Alliance News) - Frenkel Topping Group PLC on Monday said it expects its 2019 results to be in line with market forecasts, thanks to its investments.
The financial advisor and asset manager said it has made "good progress" so far in 2019, driven by organic growth and new business, which has increased assets under management despite the continuing political uncertainty and weakness in equities.
The company also noted that it continues to see high client retention rates.
Therefore, Frenkel Topping said it expects its trading for the full year to be in line with expectations.
"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," said Chief Executive Richard Fraser.
The stock was untraded in London on Monday, last closing at 34.00 pence a share.
By Evelina Grecenko; [email protected]
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