Stonehage Fleming, the leading multi-family office, with its headquarters in the UK has revealed its acquisition of the private client services business of Maitland, a global advisory and family office firm in an announcement this week. The deal was first announced in July 2021, and was subject to approval.
The family office will acquire £1 billion of assets under management and £15 billion of assets under administration, pushing the firms AUM to over £16 billion and its AUA to £60 billion.
“We are excited to welcome the Maitland Private Client Services team and their clients to Stonehage Fleming. Making selected acquisitions to enhance our proposition alongside organic growth is part of our strategic plan; we will continue to look for more opportunities to complement our existing business and bring our differentiated and comprehensive offering to new clients,” said Stonehage Fleming CEO Chris Merry in the announcement.
After the acquisition, Maitland’s private client services business will complement Stonehage Fleming’s growth and influence as a global multi-family office. Additionally, it will also broaden the family office’s offerings to clients from both the businesses.
Stonehage Fleming completes deal to acquire Maitland’s private client business– Spear’s Wealth Management
