Fri, Jan 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Forbes Family Trust partners with another multi-family office and investment firm LGL Partners

Friday, February 01, 2013
Opalesque Industry Update -- Forbes Family Trust, a multi-family office/investment advisory firm formed in partnership with the Forbes family and other family groups, announced on January 7th, 2013 a long term strategic and investment advisory partnership with LGL Partners (“LGL”).

Forbes Family Trust draws upon the relationships and expertise of the Forbes family since the family launched Forbes more than 95 years ago as a champion of entrepreneurship. Recognizing that the Forbes family’s history and success in business resonates powerfully among other successful families globally, Forbes Family Trust was created as a private wealth management group targeting high net worth individuals and families around the world.

LGL traces its origins to the Lenfest family, which sold its privately held business to a public company. This multi- billion dollar transaction led Brook J. Lenfest to establish a private office to manage the financial, personal, and philanthropic needs of his family. Today, LGL delivers investment and family office solutions to like-minded individuals and families who desire the objectivity, access, acumen, and experience that LGL has brought to its founding families.

Wealth management and family office veterans P. Scott Gregorchuk and William D. Luterman will join Forbes Family Trust as Chief Executive Officer and Chief Investment Officer respectively. Both executives will join Keith Bloomfield, the President of Forbes Family Trust, in managing all aspects of the business.

Miguel Forbes, Vice Chairman of Forbes Family Trust, said , “We are extremely pleased that our partnership with LGL will allow Forbes Family Trust to create a better global wealth management solution for high net worth families and individuals. LGL has built a compelling platform that challenges the way wealth management is traditionally accessed. Its intellectual capital, investment experience, and impeccable level of service will be tremendous complements to the team and culture at Forbes Family Trust.”

“The Forbes family carries one of the most respected names in free market capitalism around the world,” P. Scott Gregorchuk said. “Since the establishment of its world-famous business media publications nearly a century ago, the Forbes name has been synonymous with success, entrepreneurship and trust. LGL and our clients share these values and what the Forbes name represents. We share the same culture and a singular focus on performance and service. By combining our resources, we believe we can provide clients with world-class capabilities.”

William D. Luterman added, “We are able to draw upon our expertise as investment professionals who have managed globally diversified portfolios spanning traditional and alternative asset classes. We have done this for many years as impartial advocates for our clients. We have provided our clients with advice and a roadmap to achieve their longterm financial goals. We look forward to sharing our combined global wealth and investment management experience with clients of Forbes Family Trust.”

Keith Bloomfield explained, “The deep experience that the partnership brings will provide our clients with objective access to unique opportunities. Our mission at Forbes Family Trust has always been to help wealthy individuals and families preserve and enhance their assets through longterm relationships based on unparalleled service, responsiveness, and intellectual vigor. The addition of Mr. Gregorchuk and Mr. Luterman to the team at Forbes Family Trust greatly enhances our resources and capabilities to continue our mission.”

Press release

www.forbesfamilytrust.com

www.lglpartners.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would