In the last six months, the MFA has also struck a deal with , a global wealth planning solutions provider for high net worth individuals, to offer clients access to Lombard’s unit-linked life assurance solutions -- all part of enhancing “services to wealthy families with complex needs,” Giuseppe Ciucci, group chief executive of Stonehage Fleming, said.

The major MFA provides a range of services, from long-term strategic planning and investments to day-to-day advice and administration to over 250 families with substantial wealth. It advises on over £45 billion ($55 billion) of assets, including more than £10 billion ($13 billion) under management for families and charities.