IFA Frenkel Topping has entered a joint venture with law firm Ralli, taking its partnerships to six in the personal injury and clinical negligence space.
In a statement today (November 18), the group said its IFA division, Frenkel Topping Limited, and Ralli will provide services jointly under the trading name Ralli Financial Services.
The combined firm will “deliver a seamless legal and financial advice journey to clients involved in litigation after severe injury, illness or clinical negligence”.
Frenkel Topping will become Ralli's preferred partner for clients who require investment advice post settlement and Ralli Financial Services will extend the law firm’s services to meet the needs of complex clients.
Ralli managing director Martin Coyne, lead partner Adrian Anderson and partner Stephen Fox, will act as directors of Ralli Financial Services alongside Frenkel Topping's group chief executive officer Richard Fraser, chief operations officer Mark Holt and chief financial officer Elaine Cullen-Grant.
Fraser said: "As part of our strategy to grow our core business, we are formalising our relationships with high calibre firms who share our client-first mentality.
“Joint ventures, like this one with Ralli, expand our network of new business referrers and demonstrate our commitment to innovate and enhance our services, ultimately supporting our objective to increase shareholder value."
The arrangement is the latest in Frenkel Topping's strategy of partnering with firms in the personal injury and clinical negligence space.
Last year, Frenkel Topping raised £13m as it set its sights on further acquisitions in the personal injury and clinical negligence markets.
The group's five other joint ventures have added £55m of assets under management to the company to date.
In August, Frenkel Topping entered a 50:50 joint venture between its IFA arm and law firm Pattinson Brewer.
This came a week after it purchased legal costs consultancy Bidwell Henderson Costs Consultants in a deal worth £1.48m.
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