A family office expert has warned that the proposed merger between multi family offices Stonehage and Fleming Family and Partners in pursuit of greater scale may not be the answer to profitability issues faced by the industry.
Family-owned multi family office Fleming Family & Partners has agreed to the merger with Stonehage to create Stonehage Fleming Family and Partners (SF&P). The merger will see the Fleming Family Trust Company’s ownership stake reduced to less than a quarter of the new entity.
