Emigrant to acquire majority of Fortis Management Group

Emigrant Bancorp, the genitor institution of Emigrant Bank, has agreed to get a bulk involvement successful Fortis Management Group, a supplier of household bureau services for ultra-high-net-worth clients based adjacent Boston, Massachusetts.

The transaction is expected to adjacent successful April 2026. Financial details were not revealed.

The woody coincides with the instauration of Emigrant Family Office, a caller concern portion affiliated with Emigrant Bank.

This level volition supply specialised non-investment household bureau services to affluent families and registered concern advisors who are expanding their work offerings to much affluent clients.

Fortis, founded by CEO Jay Goldfarb, is acceptable to go the instauration of the caller division.

The statement volition bring Fortis’s 14-member squad into Emigrant’s existing network, which already includes much than 100 professionals focused connected serving high-net-worth individuals and families.

Goldfarb said: "We person known the Emigrant squad for galore years and stock a communal imaginativeness for the aboriginal of household bureau services.

"By combining Fortis's heavy expertise with Emigrant's platform, scale, and reach, we person a unsocial accidental to redefine some the breadth and prime of services disposable to affluent families and the advisors who service them."

Emigrant Bank has operated arsenic a family-owned instauration since 1850 nether the Milstein family.

The slope and its affiliates connection services done respective specialised businesses, specified arsenic New York Private Bank & Trust, Emigrant Partners, Personal Risk Management Solutions, Cleveland Private Trust Company, Sarasota Private Trust Company, and others.

The Milstein household besides manages Summitas, a backstage level for household bureau accusation management.

Fortis provides customised services including fiscal reporting, currency management, household governance, and coordination crossed tax, trust, and property planning.

Leadership astatine Emigrant Family Office volition dwell of Mark Rogozinski arsenic president and Ken Eyler arsenic managing director, some of whom joined Emigrant successful 2025 and contributed to processing the caller division.

They volition enactment intimately with Jay Goldfarb, who volition go managing director, and his squad arsenic they integrate Fortis’s operations with Emigrant’s wider scope of services.

Emigrant Bank and Emigrant Bancorp CEO and president Howard P. Milstein said: "For decades, we person built a wide acceptable of specialised capabilities to service the progressively analyzable needs of affluent families.

"Emigrant Family Office brings these capabilities unneurotic into a single, coordinated level fulfilling a long-standing imaginativeness of providing families and their advisors with an integrated solution supported by exceptional endowment crossed our organisation."