The specialist investment advisor to more vulnerable clients marks its second JV in a week, partnering with an affinity law firm serving personal injury cases.

In a bid to expand investment services in the personal injury market, advice firm Frenkel Topping has agreed a 50:50 joint venture with Horwich Cohen Coghlan (HCC), a law firm advising those who have suffered major trauma and other injuries. Under the venture, named HCC Investment Solutions, the partners said the deal would offer tailored investment solutions that are “entirely new” in the space.

“The investment solutions available in the personal injury market have limitations and we want to provide more choice and better quality investment options,” Frenkel’s managing director Mark Holt said.

The Manchester-based firm specialises in managing assets for clients who have received compensation following life-changing injuries. It is a niche but important area of wealth management that requires carefully managed and conservative wealth planning for clients who may not be able to work again and may also need lifelong acute care.

This latest venture comes inside a week of Frenkel’s JV with advice firm Truly Independent in a deal set to open its discretionary fund services under Ascencia Investment Management to external IFAs for the first time. Frenkel has been courted by Harwood Capital, which dropped a bid for the listed firm earlier this month, at the same time it has notched up a second JV to extend services and grow AuM, which stood at around £898 million at the end of 2019.

Frenkel CEO Richard Fraser said  that striking the HCC deal offered cultural alignment where both parties are “focused on putting our customers first and ensuring that they get the best services.”