Fortis Management Group
Fortis Management Group is a fee-only, non-investment family office services firm serving ultra-high-net-worth families in the Northeast US, providing integrated reporting, governance, tax coordination, and trust services on a subscription basis via a 14-person team.
- Company typePrivate
- Founded2005
- HeadquartersWaltham, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Fortis Management Group does
Fortis Management Group LLC is a fee-only, non-investment family office services firm founded in March 2005 by Jay Goldfarb, headquartered in Waltham, Massachusetts. The firm serves ultra-high-net-worth (UHNW) families in the Northeast US, delivering a suite of non-investment family office services on a consultative, high-touch basis. Fortis explicitly does not provide investment advice and is not a Registered Investment Advisor, positioning itself as a fee-only coordinator and strategic advisor independent of investment product commissions. The 14-person team is led by CEO Jay Goldfarb and includes professionals with prior tenure at Ernst & Young, PwC, Ballentine Partners, Vigilant Capital Management, Pitcairn, and other established wealth management and family office firms.
The firm's offering is organized into eight integrated service modules: Cash Management, Family Governance, Investment Administration, Philanthropy, Reporting, Risk Management, Tax Services, and Trust and Estate. These are delivered through a quarterback model in which Fortis coordinates across clients' tax, legal, investment, insurance, and trust advisors, providing consolidated financial reporting and ongoing strategic analysis. The firm differentiates on impartiality, fee-only transparency, and a referral-driven distribution approach targeting UHNW families directly and, more recently, registered investment advisors (RIAs) seeking to extend their capabilities upmarket.
Fortis generates revenue through fee-only billing based on service complexity, structured as subscription/recurring engagements billed annually. Revenue, pricing, and client counts are not publicly disclosed. In March 2026, Emigrant Bancorp, Inc. (parent of Emigrant Bank, a privately held Milstein-family bank managed since 1850) announced the acquisition of a majority interest in Fortis, with the transaction expected to close in April 2026. Fortis becomes the cornerstone of the newly launched Emigrant Family Office business unit, extending its capabilities through Emigrant's ecosystem of more than 100 professionals and affiliated businesses.
Fortis Management Group firmographics
Firmographics- Name
- Fortis Management Group
- Legal name
- Fortis Management Group LLC
- Website
- https://fortismgmt.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fortis Management Group is a fee-only, non-investment family office services firm serving ultra-high-net-worth families in the Northeast US, providing integrated reporting, governance, tax coordination, and trust services on a subscription basis via a 14-person team.
- Ownership category
- akta.pro rank
Fortis Management Group industry classification
Industry- Product category
- Family Office Services
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Services-Engineering, Accounting, Research, Management (8700)
- akta.pro primary industry
- Retirement Plan Participant Advice & Managed Accounts (FSAEABAF)
Keywords
Where Fortis Management Group is headquartered
LocationHeadquarters
- HQ city
- Waltham
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Fortis Management Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Family Office Services (Fee-Only): Fortis provides ongoing, unbiased, strategic analysis of clients' entire financial picture on a fee-only basis. Services include cash management, family governance, investment administration, philanthropy, reporting, risk management, tax coordination, and trust and estate planning support. Billing is based on complexity and services provided.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Fee-only pricing based on service complexity |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels1 record
Fortis Management Group product offering
Product offeringCore offering
Fortis Management Group is a fee-only family office services firm that provides non-investment services to ultra-high-net-worth families. Core offerings include cash management, family governance, investment administration, philanthropy coordination, consolidated financial reporting, risk management, tax coordination, and trust and estate planning support. The firm acts as an unbiased quarterback coordinating across clients' tax, legal, and investment advisors, and now serves as the cornerstone of the Emigrant Family Office platform following Emigrant Bancorp's majority acquisition.
Product overview
Fortis Management Group operates as a fee-only family office services firm offering a unified platform of interconnected services to ultra-high-net-worth families. The core offering includes eight integrated service modules: Cash Management, Family Governance, Investment Administration, Philanthropy, Reporting, Risk Management, Tax Services, and Trust and Estate. These services work together holistically—financial reporting feeds into strategic decision-making, cash management supports investment administration, and governance frameworks coordinate across all planning areas. In March 2026, Fortis became part of Emigrant Bancorp and serves as the cornerstone of Emigrant Family Office, a newly launched platform division that extends these same capabilities to a broader audience through Emigrant's ecosystem of wealth solutions and RIAs.
Differentiator
Problem solved
Functional benefit
Products and services
- Fortis Management Group Family Office Services Comprehensive fee-only family office services providing ongoing, unbiased, strategic analysis of ultra-high-net-worth clients' entire financial picture, including financial reporting, cash flow oversight, governance, and coordination with tax, trust, and estate advisors.
- Emigrant Family Office A dedicated platform division that delivers specialized, non-investment family office capabilities to ultra-wealthy families and registered investment advisors, integrating Fortis's expertise with Emigrant's broader ecosystem of wealth solutions.
Companies that use Fortis Management Group
Customer profileSegments1 record
Ideal customer profiles2 records
Fortis Management Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Fortis Management Group partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
Fortis Management Group competitors and assessment
Company assessmentBroad incumbents
- Bessemer Trust: One of the largest U.S. multifamily offices serving UHNW families across investment management, wealth planning, and family office services. Comparable in target client and full-service orientation but materially larger and integrated with investment management.
- BNY Mellon Wealth Management: Large-scale wealth manager and family office provider serving UHNW clients globally. Comparable in services offered but operates at much greater scale with integrated investment management.
- Northern Trust Wealth Management: Major U.S. wealth manager with extensive family office capabilities for UHNW clients. Overlapping target market and service suite, but broader product portfolio and much larger scale.
- Cambridge Associates: Global investment firm serving UHNW families, foundations, and endowments with portfolio management and family office services. Comparable client base but predominantly investment-centric.
Direct peers
- Pitcairn: Multi-family office serving UHNW families with a strong family governance and next-generation education focus. Directly comparable in services and target segment; Fortis's Genine Iffla was previously Director of Family Learning at Pitcairn.
- Rinet Company: Boston-based multi-family office providing fee-only wealth management and family office services to UHNW families. Closely comparable in geography, business model, and target client; Fortis team member Kathleen Durkin previously worked at Rinet.
- Ballentine Partners: Multi-family office serving UHNW families with non-investment and wealth advisory services, headquartered in New England. Directly comparable in service model, target segment, and boutique positioning; multiple Fortis team members (Nicole Bailey, Kathleen Trachy) previously worked at Ballentine.
- Glenmede: Privately held, fee-only investment and wealth advisory firm serving UHNW families and foundations. Comparable in fee-only, conflict-free positioning and multi-generational service orientation.
- Wilmington Trust (M&T Bank) — Emerald Family Office: Family office services group within Wilmington Trust offering comprehensive UHNW services. Comparable service model and target segment; Fortis team member Payal Majumder previously worked at Emerald Family Office at Wilmington Trust.
- Cresset: Independent, fee-only multifamily office serving UHNW families with integrated wealth, tax, and family office services. Closely comparable in fee-only positioning and full-service family office orientation.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Fortis Management Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fortis Management Group leadership team
Management profileNumber of profiles
Profiles14 records
Fortis Management Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fortis Management Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fortis Management Group
What does Fortis Management Group do?
Fortis Management Group is a fee-only family office services firm that provides non-investment services to ultra-high-net-worth families. Core offerings include cash management, family governance, investment administration, philanthropy coordination, consolidated financial reporting, risk management, tax coordination, and trust and estate planning support. The firm acts as an unbiased quarterback coordinating across clients' tax, legal, and investment advisors, and now serves as the cornerstone of the Emigrant Family Office platform following Emigrant Bancorp's majority acquisition.
Is Fortis Management Group a public or private company?
Fortis Management Group is a private company. It is classified as corporate owned and is currently operating.
When was Fortis Management Group founded?
Fortis Management Group was founded in 2005. It employs 11 to 50 people.
Where is Fortis Management Group based?
Fortis Management Group is headquartered in Waltham, United States, in the North America region.
How does Fortis Management Group make money?
One revenue line is on record: family Office Services (Fee-Only).
Who are Fortis Management Group's main competitors?
Broad incumbents on record are Bessemer Trust, BNY Mellon Wealth Management, Northern Trust Wealth Management and Cambridge Associates. Direct peers are Pitcairn, Rinet Company, Ballentine Partners, Glenmede, Wilmington Trust (M&T Bank) — Emerald Family Office and Cresset.
Does Fortis Management Group have an API?
No public API is recorded for Fortis Management Group.
What industry is Fortis Management Group in?
Fortis Management Group's product category is Family Office Services. Its primary akta.pro industry code is FSAEABAF, Retirement Plan Participant Advice & Managed Accounts. Its NAICS code is 523940 and its SIC code is 8700.