Back in October 2019 Jonathan Bell, the chief investment officer of London-based Stanhope Capital, told thewealthnet that the firm could be interested in making acquisitions.
“We are always looking to expand and would welcome the opportunity to acquire a smaller business with an excellent reputation...” he said.
Thirteen months later Stanhope, a private investment office, has found a suitable target in the form of FWM Holdings, a wealth management conglomerate that encapsulates two family/private offices: New York-based Forbes Family Trust and Philadelphia-based LGL Partners, together with Optima Fund ...