NASSAU, BAHAMAS — This year marks 30 years in operation for LOM Financial Group. Founded in Bermuda in 1992, the private wealth management company now has a team of over 40 employees and a global presence with headquarters in Bermuda and offices in The Bahamas, Cayman and the UK.
The Bahamas office is led by General Manager Craig Lines, who commented: “LOM recognized early on that Bahamas is a well-positioned market to operate from.
“For many years, Bahamas has proven to be a solid offshore financial center in the Caribbean and it has continued to grow as a financial hub since LOM established operations here in 2001.
“Our team has a very positive outlook for 2022 as the company continues to focus on expanding certain lines of business into new Caribbean markets.
“With 30 years of solid performance under our belt, we hope to sustain our forward momentum well into the next decade and beyond.”
Scott Lines, CEO and chairman of LOM Financial, said: “We are proud to reach this milestone of 30 years, and it is certainly a testament to our dedicated team, as well as our loyal clients.
“Relationships are at the core of our business and our success is in large part due to the trusted, and in many cases longstanding relationships between our investment advisors and our clients.”
LOM recently launched a new logo, website and brand purpose with a focus on ocean conservation. As part of their brand purpose, the firm has committed to providing support to nonprofits in each of their jurisdictions: BZS (Bermuda), The Humpback Whale Project (Bermuda), BREEF (Bahamas), The Guy Harvey Ocean Foundation (Cayman) and the Marine Conservation Society (UK).
The company has decided to mark its 30th anniversary by making financial contributions to these charitable organizations over the course of the year to total $30,000.
In addition to the rebrand, 2021 marked a significant year for LOM, which saw its assets under administration grow to over $1.7 billion.
The company was also awarded the 2021 Global Banking & Finance Review Award for Best Wealth Management Company in Bermuda.
Lines added: “Despite the global events of the last few years, LOM has experienced significant growth.
“We have a positive outlook for the future and are actively recruiting talented team members while remaining committed to providing the high-level personalized service and superior performance that we are known for.
“We look forward to the next decade of innovation in this rapidly changing industry.”
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