The international multi-family office is gearing for growth in the UK following the purchase of its associate company, this publication exclusively reports.
FF&P Wealth Planning was launched in 2011 following the strategic partnership between Asquith & Partners and Fleming Family & Partners. Its services include wealth management, investment advice, family wealth protection and intergenerational planning.
The business will now sit alongside Stonehage Fleming’s ultra-high net worth client services under the new name Stonehage Fleming Wealth Planning. As part of the deal, Richard Bertin, Susie Hillier and William Tudhope will become partners of Stonehage Fleming.
Stonehage Fleming has had an association with FF&P Wealth Planning since the merger of Stonehage and Fleming Family & Partners in 2014.
“The UK is a key strategic market for Stonehage Fleming and we are seeing an increasing demand for long-term financial planning and advice,” said Anton Sternberg, chief executive, investments at Stonehage Fleming.
“With the combination of wealth planning, family office and investment, we believe that we have an exceptional UK platform to meet the needs of clients, wealthy and aspiring, international and domestic. I am pleased to formally welcome Richard, Susie and their team into the group. They come with valuable expertise and a strong reputation. They will be a real asset to our firm.”
Stonehage Fleming caters to over 250 wealthy families. With 11 offices in seven jurisdictions around the world, the firm advises on over $40 billion of assets. Its investment business manages more than $12 billion on behalf of families and charities.