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Stanhope to merge with Forbes family vehicle, creating $24bn manager

News Team, 24/11/2020

Daniel Pinto

Stanhope Capital Group and FWM Holdings are set to merge, creating “one of the world’s largest independent wealth management and advisory firms.”

Together, Stanhope and FWM Holidings – which owns Forbes Family Trust, LGL Partners and Optima Fund Management – will oversee $24.2 billion in client assets.

The merger, subject to customary closing conditions, is expected to settle in Q1 2021.

The combined firm will have 135 employees operating in six offices globally. It has a particular focus on the US and Europe.

Upon closing, the firms will operate as a single company, but they will retain their respective names under the Stanhope Capital Group umbrella.

Founded in 2004 by Daniel Pinto, Stanhope Capital currently oversees $13 billion for private clients, endowments, charities and other institutions across the globe. It offers wealth management, investment consulting, private investments and merchant banking services.

Founded in 2009 by Keith Bloomfield, FWM currently oversees $11.2 billion for ultra-high net worth family offices and individuals, foundations and endowments located primarily in the US. In addition to its wealth management activities, FWM also offers alternative assets investments, having acquired hedge fund spe...


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