IFA firm Truly Independent and Frenkel Topping have established a 50:50 joint venture, a DFM named Truly Asset Management.
The deal is a venture between Frenkel Topping's discretionary fund management arm Ascencia Investment Management and Truly Independent, which will serve Truly's 50 financial advisers with investment services. It is the first time Frenkel Topping has expanded its investment service to external IFAs since Ascencia was launched in 2016. Since then the firm has provided Frenkel Topping's own advisers with DFM services and had assets of £399m as of 31 December 2019. Truly Independent CEO Andrew Goodwin said Acencia's ability to generate real yield, positive performances and its approach t...
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