Independently owned family office giant Stonehage Fleming, and high-net-worth-individuals investment specialist Lombard International Assurance, have announced a new strategic partnership.
The collaboration will allow Stonehage Fleming to offer its clients access to Lombard’s unit-linked life assurance solutions. The solutions will be available in all of the 20 markets in which Lombard International Assurance is active or for which they have jurisdiction-specific offerings, the companies said in a joint statement earlier today.
Johan van Niekerk, Partner, Stonehage Fleming called Lombard “pioneers” in introducing the concept of using unit-linked life assurance for wealth planning. “Their extensive knowledge and experience enhances our total wealth management capabilities and is a strong complement to our existing wealth planning tools,” he said.
“We understand that the needs of our clients are constantly evolving. This collaboration demonstrates our commitment to continually enhance our offering to ensure we offer our clients best-in-class solutions, as we strive to lead the industry as a truly international family office.”
Axel Hörger, CEO of Lombard International Assurance added: “We share the same values and vision of delivering innovative and expert solutions to ensure our clients’ wealth can be protected, preserved and passed on.”
Stonehage Fleming is the largest leading independently owned family offices and in Europe, Middle East and Africa (EMEA) and provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to well over 250 substantial families of wealth.
The Group advises on over £45bn ($55bn) of assets and includes an investment business and employs over 540 people in 11 offices in eight geographies around the world.
The global group, Lombard International, launched to market in September 2015, with head offices in Luxembourg and Philadelphia, and serving over 20 markets across the United States, Europe, Asia and Latin America