In 2002, the Financial Partners Group (FPG) was created through the merger of firms in Hong Kong, Indonesia, Japan, Malaysia, Thailand and the U.A.E.
Its Board and management team built economies of scale, centralized compliance, sophisticated asset management, a common work culture and a comprehensive infrastructure to become recognized as a leading offshore independent financial advisory brand. In the wake of the Lehman's collapse, Financial Partners Group suffered like the wealth management industry in general. New investments fell at the same time as the need to provide a higher level of service to existing clients increased. This created a recognition that whilst many structural tasks could be managed centrally; service needed to be managed locally and near to clients. Between 2009 – 2010, FPG’s reaction to this aspect of "the global financial crisis" was to convert a centralized business into a Network called the FP Global Affiliation, which reduced costs and increased service levels locally. This meant that FPG effectively ceased to be an operating entity, as each member became a standalone firm.
The FP Global Affiliation itself then wound down between 2010 - 2014, as the underlying companies began to utilize their own administration teams etc.
