Stanhope Capital Group to merge with FWM Holdings.

Stanhope Capital Group, a global investment firm, agreed to merge with Wealth Partners Capital-backed FWM Holdings, an investment company. The merger is subject to customary closing conditions and is expected to close in the first quarter of 2021. Financial terms were not disclosed. "Firstly, independence, which gives clients the assurance of conflict-free advice provided by true fiduciaries. Second, alignment of interests between clients and talented professionals who invest their personal wealth alongside them, a rare thing in our industry today. Lastly, creative thinking, based on an investment platform designed to give clients the flexibility to combine liquid, well-diversified portfolios with exciting opportunities in private equity, real estate and hedge funds. These key principles have been the pillars of our success to date and they will continue to carry us forward as a group,” Daniel Pinto, Stanhope Capital Chairman and CEO.