IRVINE, Calif.--(BUSINESS WIRE)--
First Foundation Inc., a financial services company that provides
investment management, wealth planning, consulting, trust and banking
services primarily to high-net-worth individuals and businesses, today
announced that First Foundation Advisors, its wholly owned subsidiary,
was selected by the Board of Trustees for the Highland Funds to serve as
sub-advisor for the Highland Fixed Income Fund and the Highland Tax
Exempt Fund. As of June 30, 2014, the total assets of these funds were
in excess of $182 million.
“We are excited to be selected to manage these two Highland Funds and we
look forward to developing a strong relationship with Highland Capital,”
stated John Hakopian, President of First Foundation Advisors. “Our
selection reflects the expertise our investment team has demonstrated in
navigating the fixed income market over the past several years and we
believe our investment team is capable of handling additional
sub-advisory relationships in the future,” Mr. Hakopian added.
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
Irvine, Newport Beach, Pasadena, West Los Angeles, San Diego, Palm
Desert and the Imperial Valley in California, and Las Vegas, Nevada. For
more information, please visit our website at www.ff-inc.com.
About Highland Capital Management Fund Advisors, L.P.
Highland Capital Management Fund Advisors, L.P., is an SEC-registered
investment adviser which, together with its affiliates, has
approximately $19 billion of assets under management. Highland Capital
Management, L.P. was founded in 1993 by Jim Dondero and Mark Okada.
Highland is one of the largest and most experienced global alternative
credit managers. Highland’s strategies include collateralized loan
obligations (CLOs), high yield bonds, distressed credit, public and
private equities, structured products and natural resources.
Investors should consider the investment objectives, risks, charges and
expenses of the Highland Funds carefully before investing. Please call
1-877-665-1287 or visit www.highlandfunds.com
for more information on the Funds. Please read the prospectus carefully
before you invest.
All wholesalers are licensed, and securities may be offered, through
NexBank Securities, Inc., an affiliate of Highland Funds. NexBank
Securities, Inc. is a FINRA member firm.
Shareholder Services: firstname.lastname@example.org,
This press release contains “forward-looking statements” including
statements expressing our expectations and beliefs about our business,
our future financial performance and our future plans. Those statements
are based on current information and on assumptions that we make about
future events and circumstances and are subject to risks and
uncertainties that are often difficult to predict and beyond the
Company’s control. Moreover, our business and our markets are subject to
a number of risks and uncertainties which could cause our actual
financial results in the future to 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 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 our 2013 Annual Report on Form 10-K that we filed with the SEC on
March 25, 2014, and readers of this news release are urged to review the
additional information contained in that Annual Report.
First Foundation Inc.
Chief Financial Officer
Source: First Foundation Inc.