Wealth & Money Management Awards 2018

2018 Wealth & Money Managaement Awards 19 Company: Acuity Management Limited Contact: Tracy Sawyerr Tel: + 44 (0) 203 6033722 Web Addr ess: www.acuityag.com WM180019 Best Multi-Family Office 2018 - North East USA Forbes Family Trust (FFT) is a multi-family office based in New York and Philadelphia whose mission is to help wealthy individuals and families preserve and grow their assets. Keith Bloomfield, FFT’s CEO, talks us through the firm and how it works to ensure excellence for its valued clientele. Company: Forbes Family Trust Contact: Keith Bloomfield, CEO Address: 767 5th Ave, 6th Floor, New York, New York, 10153, USA Phone: 00 1 212 488 1390 Website: forbesfamilytrust.com Drawing on its vast experience in the industry, FFT, along with its affiliates, provides unparalleled service, responsiveness, and intellectual rigor to its clients, managing approximately $4.2BN for 87 clients located in the US and abroad. As a comprehensive multi-family office, the firm has the experience to provide a variety of lifestyle solutions to successful individuals and families, as Keith proudly showcases in his initial comments. “Supporting a range of clients around the world, FFT delivers customized investment solutions. Our relationship with our clients is comprehensive, enabling us to design a plan for the long term, while recognizing that being tactically nimble can help to manage risk. By developing a personal risk profile and identifying wealth management goals, we structure a plan to guide the investment process. We formulate a suitable asset allocation, research and select appropriate investment vehicles, tactically adjust portfolios as opportunities emerge, rebalance as necessary, monitor, and clearly report the results. “In identifying opportunities in all asset classes to offer choice to our clients, we use proprietary tools and software to add an additional layer of return and risk quantification when considering potential allocations for our families. Using our own internal software, AlphaBeta, and our leading portfolio accounting systems, we have the ability to report on alternative assets and private investments in great detail. Additionally, we can report on fine art, individual real estate, antiques, and other tangible assets, alongside partnership interests and clients’ publicly-traded securities.” As part of its focus on offering unique opportunities, FFT leverages its global network in order to gain access to select investment opportunities that it believes other investors may never see. Additionally, its unique software offering provides clients with unparalleled access to markets. With his knowledge on the solution, Keith offers a unique insight into how it works. “Using our own internal software, AlphaBeta, and our leading portfolio accounting systems, we have the ability to report on assets and private investments in great detail. AlphaBeta is a proprietary, institutional- quality, online system that allows our investment team to construct and test portfolios, perform sophisticated statistical analysis, and assess risk and return. It is used to track, report, and analyze thousands of hedge funds, long-only managers, capital markets benchmarks, and ‘factors.’ Secondarily, it serves as a hedge fund portfolio management and accounting system, tracking contributions and withdrawals, underlying positions, and sector allocations. It allows us to create custom portfolios according to specific risk and return objectives and assess their performance over time. “Within the wealth management industry, there are few tools like this. AlphaBeta allows us to take the emotion out of investing, to distinguish facts from “spin”, to understand where value is created, and to quantify risk across various dimensions. We built the system for hedge funds, and now it informs our global investment process across asset classes.” Although this unique solution helps drive success for the firm, Keith is also keen to emphasise how important client service is to FFT, and how it works alongside its staff and industry partners to ensure a complete solution for every client it has the privilege of working with. “In order to offer them a complete solution, at FFT we complement our wealth management service with customized and attentive client services. All of our client associates are seasoned professionals with extensive client- facing experience. They all have joined us from leading bank, brokerage, investment or notable family office organizations. Our culture is based on building and maintaining relationships with our clients, their family members and their outside advisers. This helps us to develop flexible plans and services based on our clients personal and family goals.” Looking ahead, Keith foresees even greater success for FFT as its recent collaboration offers the firm many galvanising opportunities. “As we look to the future, we are pleased to say that our partnership with Wealth Partners Capital Group (WPCG) continues to be fruitful. Our new partners have been extremely helpful in benchmarking our business, providing a sounding board, and offering a keen perspective on cutting edge best practices. We look forward to this relationship continuing to provide value to our firm and our client partners. WPCG has their pulse on the evolution of the wealth management industry and is vested in providing FFT advice and assistance should strategic opportunities emerge.”