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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


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