Two US
private family offices with their roots in ultra-wealthy business
owning families have formed a strategic alliance which involves sharing a
chief executive and chief investment officer.

Forbes Family Trust and LGL Partners
will work together under a long-term strategic advisory and investment
relationship. LGL CEO P Scott Gregorchuk and CIO William Luterman will
join Forbes Family Trust in the same roles. They will work with Keith
Bloomfield, the president of Forbes Family Trust, in managing all
aspects of the business.

LGL traces its origins to the Lenfest family and was the result of
the sale of a family business to a public company in a multi-billion
dollar transaction led by Brook J Lenfest. Brook J Lenfest went on to
set up a private office, Brooks Capital Group, to manage financial,
philanthropic and personal affairs. This led to the development of LGL
Partners to work with other wealthy and like-minded families.

H F Gerry Lenfest founded the original business, Lenfest Communications, around four decades ago.

Luterman is the president, CIO and a co-founding partner of LGL
Partners. Since 2000 he has also served as the CIO for Brooks Capital
Group and as the CIO for The Brook J Lenfest Foundation.

Gregorchuk is a co-founding partner of LGL, before which he was a managing director at JP Morgan Private Bank.

Forbes Family Trust was formed in 2009 by the Forbes family, founders
of the eponymous magazine, to offer wealth management to ultra-wealthy
clients.

“We are extremely pleased that our partnership with LGL will allow
Forbes Family Trust to create a better global wealth management solution
for high net worth families and individuals,” said Miguel Forbes, vice
chairman of FFT.

“The addition of Mr Gregorchuk and Mr Luterman to the team at Forbes
Family Trust greatly enhances our resources and capabilities to continue
our mission,” said Bloomfield.