First Foundation Inc. (NASDAQ: FFWM), a financial services company that
provides investment management, wealth planning, consulting, trust and
banking services primarily to high-net-worth individuals and businesses,
and its wholly-owned subsidiary, First Foundation Advisors, today
announced the appointment of Andrew Chan to Portfolio Strategist. Mr.
Chan will work out of First Foundation’s West Los Angeles office and
will serve on the firm’s investment committee.
“We are excited to announce the addition of Andrew to the firm. He
brings additional expertise in the areas of manager research and
portfolio construction to our team,” says First Foundation Advisors
President John Hakopian. “As we continue to grow in Los Angeles, we are
committed to building a team of experts to serve the needs of our
clients.”
Mr. Chan has over 10 years of investment experience and has served in a
variety of key roles. Prior to joining First Foundation he served as
Vice President and Portfolio Manager at U.S. Trust where he was
responsible for managing nearly $650 million in assets for individuals,
family offices, and foundations. Mr. Chan also served nationally on U.S.
Trust’s External Managers Investment Committee, the Investment Models
Committee, the Strategic Technology Committee, and the National
Associate Advisory Board.
A graduate of the Wharton School Executive Program on Investment
Management and the University of California, Riverside, Mr. Chan is a
Chartered Alternative Investment Analyst (CAIA).
First Foundation Advisors saw its assets increase by 24% during 2014.
The firm manages $3.2 billion, as of December 31, 2014.
About First Foundation
First Foundation, a financial institution founded in 1990, provides
integrated investment management, wealth planning, consulting, trust and
banking services. The company is headquartered in Irvine with offices in
Newport Beach, Pasadena, West Los Angeles, San Diego, Palm Desert and
the Imperial Valley in California, and Las Vegas, Nevada. More
information is available at www.ff-inc.com.
Forward-Looking Statements
Statements in this news release regarding our expectations and beliefs
about our future financial performance and financial condition, as well
as trends in our business and markets are "forward-looking statements"
as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements often include words such as "believe,"
"expect," "anticipate," "intend," "plan," "estimate," "project," or
words of similar meaning, or future or conditional verbs such as "will,"
"would," "should," "could," or "may." The forward-looking statements in
this news release are based on current information and on assumptions
that we make about future events and circumstances that are subject to a
number of risks and uncertainties that are often difficult to predict
and beyond our control. As a result of those risks and uncertainties,
our actual financial results in the future could differ, possibly
materially, from those expressed in the forward-looking statements
contained in this news release and could cause us to make changes to our
future plans. Those risks and uncertainties include, but are not limited
to, the risk of incurring loan losses, which is an inherent risk of the
banking business; the risk that the economic recovery in the United
States will stall or will be adversely affected by domestic or
international economic conditions and the risk that the Federal Reserve
Board will continue to keep interest rates low, any of which could
adversely affect our interest income and interest rate margins and,
therefore, our future operating results; and the risk that the
performance of our investment management business or of the equity and
bond markets could lead clients to move their funds from or close their
investment accounts with us, which would reduce our assets under
management and adversely affect our operating results. Additional
information regarding these and other risks and uncertainties to which
our business and future financial performance are subject is contained
in Item 1A, entitled “Risk Factors” in our 2013 Annual Report on Form
10-K for the fiscal year ended December 31, 2013 that we filed with the
SEC on March 25, 2014, and readers of this news release are urged to
review that additional information contained in that Annual Report. Due
to these and other possible uncertainties and risks, readers are
cautioned not to place undue reliance on the forward-looking statements
contained in this news release, which speak only as of today's date, or
to make predictions based solely on historical financial performance. We
also disclaim any obligation to update forward-looking statements
contained in this news release or in the above-referenced 2013 Annual
Report, whether as a result of new information, future events or
otherwise, except as may be required by law or NASDAQ rules.
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