Mega-Family Offices Strike Transatlantic Alliance to Woo Wealthy
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Two of the world’s biggest multifamily offices are forming an alliance.
Glenmede, based in Philadelphia, and London-based Stonehage Fleming struck a deal to offer investment, trust and family office services to each other’s clients on their respective sides of the Atlantic. The tie-up will allow them to better cater to customers outside of their home markets by sharing tax, investment and trust company services, the companies said in a statement.