Stanhope and FWM Merge to Create $24 Billion Wealth Manager
- FWM is parent company of Forbes Family Trust and LGL Partners
- Combined firm will focus on equities and alternative assets
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Stanhope Capital and FWM Holdings plan to merge and create a wealth management firm with $24.2 billion in assets.
The tie-up of London-based Stanhope and FWM, the parent company of U.S. multi-family offices Forbes Family Trust and LGL Partners, will create one of the world’s largest independent advisory firms, Stanhope said in a statement on its website. The deal is expected to complete early next year.