Website stonehagefleming.com Founded 1873 | Founder Robert Fleming | |
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Stonehage fleming family partners win step pca for multi family office team of theyear
Stonehage Fleming is a London-based wealth management company, a multi-family office, that invests on behalf of wealthy families, individuals and charitable endowments.
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Stonehage fleming wins multi family office team of the year at the 2016 17 private client awards
History
The forerunner organisation to FF&P was set up by Robert Fleming in 1873, and Stonehage was set up in London in 1976.
It was initially named Stonehage Fleming Family and Partners before rebranding as Stonehage Fleming in September 2015.
In November 2014, the merger between the rival London-base investment offices, Fleming Family & Partners and Stonehage was announced. According to the Financial Times, this would make the new firm, the "largest independent multifamily office business in Europe, the Middle East and Africa".
Operations
As of 2014, Stonehage Fleming had $43bn in assets under administration, including $11bn in assets under management and total revenues of about $160m, serving over 250 wealthy families.
People
The chairman of Fleming Family & Partners was Adam Fleming, and shareholders included the Syrian billionaire Wafic Saïd, and Edward Tollemache, son of Timothy Tollemache, 5th Baron Tollemache. Following the rebranding in September 2015, the chairman Adam Fleming and his relative Philip Fleming both stepped down from the UK board.