An important goal of the Forbes Family Trust is to be thought of as leaders in our industry. Our primary objective in developing cutting-edge intellectual capital is to be able to use these perspectives and insights to better serve our clients. Therefore, we put a lot of time, effort and money into developing our intellectual capital. Our relationship with LGL Partners and its professionals is a good example of this effort. Interestingly, this focus on developing the best people and disseminating innovative ideas has resulted in some significantly wealthy people coming to us over the transom.

The more common and consistent source of very wealthy families is due to the circles we travel in. While not trying to sell the Forbes Family Trust to anyone, our reputation and our personal relationships leads to a lot of interesting and fruitful conversations.

Our association with Forbes is also a potent factor in connecting with the ultra-affluent. From going to Forbes events to hosting our own, the affiliation with the family helps us identify potential ultra-affluent clients.

This combination of talent and thought leadership, personal relationships and our association with Forbes means we're not going to be beating the bushes looking for clients. Our professional team will be focused on advising our clients, not dialing for dollars! We can continue to be very selective in whom we choose to work with and still grow the business.

Prince: You mentioned your strategic alliance with LGL Partners. Can you elaborate?

Bloomfield: After extensive due diligence, we have selected LGL Partners as the exclusive investment advisor to the Forbes Family Trust. Given their extensive investment acumen, accomplished and experienced leadership team, deep resources and cultural fit, LGL Partners was the perfect choice for the Forbes Family Trust.

They trace their origins to a family office established to manage the financial, personal and philanthropic needs of a member of the Lenfest family following a multi-billion-dollar sale of their  private cable company over a decade ago. Now, the Forbes Family Trust shares the global wealth management experience of two successful entrepreneurial American families with its clients.

Additionally, we are extremely excited to have two additional accomplished wealth management and family office executives join our senior leadership team. Wall Street wealth management veteran Scott Gregorchuk will serve as chief executive officer and senior family office executive and Bill Luterman will be the chief investment officer. As a Goldman Sachs and Morgan Stanley alumnus, Scott has run wealth management businesses at major Wall Street firms and served on the Citigroup management committee. Also a Goldman Sachs alumnus, Bill has run a single-family office for over a decade and served as a direct investment advisor to the Pennsylvania state treasurer. Our leadership team has the combined skill set necessary to gain access to interesting opportunities and deliver experienced advice to our clients.

Prince: What services does the Forbes Family Trust provide its clients?

Bloomfield: We assist the very wealthy address a variety of issues and concerns. Beyond our focus on investment management, including the spectrum of alternative assets, we cover everything from estate and asset protection planning to the array of administrative and lifestyle  services. What's important to us is to be able to provide the very best expertise to our clients.