Stanhope Capital Group and FWM Holdings -- owner of Forbes Family Trust, LGL Partners and FoHF firm Optima Fund Management -- announced an agreement to merge their wealth management and advisory firms.
The combined company will have $24.2 billion in client assets and 135 employees around the globe, with capabilities across multiple asset classes, including alternatives such as private equity, real estate and hedge funds.
The merger is subject to customary closing conditions and is expected to close in the first quarter of 2021. The terms of the transaction have not been disclosed.
Founded . . .
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