FWM Holdings, Parent of Forbes Family Trust, to Acquire AM Global Family Investment Office

November 19, 2018

NEW YORK & PHILADELPHIA--(BUSINESS WIRE)--Nov 19, 2018--FWM Holdings, the parent company of Forbes Family Trust and LGL Partners, multi-family offices focused on ultra-high-net worth families (the “Company”), today announced it has entered into an agreement to acquire AM Global Family Investment Office (“AM Global”). AM Global is a multi-family office that provides bespoke investment advice and solutions to wealthy individuals and families, and the firm’s team will join Forbes Family Trust’s investment professionals. The transaction will expand Forbes Family Trust’s footprint in the U.S. by leveraging AM Global’s established presence in Palm Beach, Florida.

AM Global was co-founded in 2012 by industry veteran Andrew Mehalko and has gained prominence as an emerging family office leader. Mehalko previously served as Chief Investment Officer of GenSpring Family Offices and grew that firm to become one of the world’s foremost multi-family offices with more than $13 billion of discretionary assets. Mehalko will join Forbes Family Trust as its Co-Chief Investment Officer.

“Forbes Family Trust and AM Global share the same dedication to creating investment and planning solutions for the most sophisticated ultra-affluent families,” said Keith M. Bloomfield, founding partner and Chief Executive Officer of Forbes Family Trust. “This combination will allow us to better serve our Florida-based high-net worth clients and continue to enhance our comprehensive global investment solutions. We are excited to have Andrew and his team join Forbes Family Trust.”

“We have seen significant demand for our investment advice and services, and this partnership will allow us to leverage expanded investment opportunities, broader expertise and an enhanced service offering for our clients,” said Mehalko. “We look forward to working alongside Keith and the Forbes Family Trust team.”

Concurrent with the transaction, James McGrath, who recently assumed the role of Chief Investment Officer at Forbes Family Trust and LGL Partners, will be Co-Chief Investment Officer alongside Mehalko. Scott Gregorchuk, founding partner at Forbes Family Trust and LGL Partners, will continue to serve as Executive Chairman. William Luterman will assume the role of Senior Advisor.

This is the Company’s first transaction since partnering with Wealth Partners Capital Group, a financial services holding company, in July 2017. The acquisition is subject to customary closing conditions and is expected to close by the end of 2018. Financial and legal terms of the transaction will not be disclosed.

About Forbes Family Trust

Forbes Family Trust is a global multi-family office specializing in alternative investments, asset allocation, portfolio construction and financial planning based in New York, N.Y. and Philadelphia, Pa. Founded to serve the investment and wealth planning needs of members of the Forbes family, the firm opened its doors in 2009 to welcome the world’s most prominent families and family offices to join as clients. Forbes Family Trust and its affiliates manage approximately $4.5 billion in assets under advisement as of September 30, 2018. Forbes Family Trust is a registered investment adviser and a fiduciary. For more information, please visit www.forbesfamilytrust.com.

About AM Global Family Investment Office

AM Global Family Investment Office is a multi-family office that provides bespoke investment advice and solutions to wealthy individuals and families throughout the U.S. and internationally. Based in Palm Beach, Fla., the firm’s “common sense” focus offers objectivity, transparency and service combined with an investment culture undiluted by competing disciplines. AM Global believes in investing in a broad range of traditional and non-traditional asset classes, developing recommendations based on proprietary research consistent with client investment objectives. For more information, please visit www.amglobalfio.com.

About Wealth Partners Capital Group

Wealth Partners Capital Group (“WPCG”) is a financial services holding company, which has partnered with Forbes Family Trust. WPCG enables Forbes Family Trust to grow by identifying and integrating like-minded registered investment advisers who are seeking access to expanded business capabilities, strategic growth and customized transition solutions. The WPCG management team is led by partners John W. Copeland, Rich Gill and Sean Bresnan. For more information, please visit www.wealthpcg.com.

FWM Holdings and Forbes Family Trust are not affiliated with Forbes Media LLC.

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CONTACT: Prosek Partners

Nadia Damouni





SOURCE: Forbes Family Trust

Copyright Business Wire 2018.

PUB: 11/19/2018 08:00 AM/DISC: 11/19/2018 08:01 AM


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