Frenkel Topping, the specialist financial adviser focusing on personal injury and clinical negligence cases, has partnered with CFG Law to set up a 50:50 joint venture between its IFA arm and CFG Law.

Frenkel Topping says this takes the number of its joint ventures (JVs) in the personal injury and clinical negligence space to eight.

The new JV sees CFG Law, part of Client First Group, provide services jointly with Frenkel Topping's independent financial advice division, under the trading name CFG Financial Services Limited (CFGFS).

CFG CEO Richard Clark and executive chairman Alastair Fernie will act as directors of the company alongside chief operating officer Mark Holt and chief financial officer Elaine Cullen-Grant from Frenkel Topping Group.

The new venture will aim to provide “a seamless legal and financial advice journey to clients involved in litigation after injury, illness or clinical negligence” and also combine both firms' skills and resources.

Frenkel Topping says the seven other JVs have added £68.5m of Assets Under Management to the company so far and represented 16% of AUM added in the last financial year. 

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Frenkel Topping said: “The board is confident that this JV with CFG will add to this and that the "Working in Partnership" programme continues to bear fruit and be a critical inflow of AUM for the group in the future.

“Through the CFGFS joint venture, Frenkel Topping will become CFG's preferred partner for clients who require investment advice post settlement and CFG Financial Services Ltd will extend the law firm's suite of services to meet the needs of the most complex client.” 

CFG Law supports seriously and catastrophically injured people and their families. It works with a range of organisations to help those affected by injury. This includes those with serious brain injuries, spinal cord injuries, orthopaedic injuries, fatal accidents, chronic pain and PTSD.

Frenkel Topping work in personal injury and clinical negligence includes a signposting service inside major trauma units, expert witness services, independent financial advice, investment management and care and case management.

Richard Fraser, CEO of Frenkel Topping, said: "As part of our strategy to grow our core business, Frenkel Topping Limited, we are formalising our relationships with high calibre firms who share our client-first mentality. Joint ventures like this one 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."