First Foundation Announces New Sub-Advisory Engagement

Monday, July 28, 2014 9:00 am EDT


IRVINE, Calif.
"We are excited to be selected to manage these two Highland Funds and we look forward to developing a strong relationship with Highland Capital"

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

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 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:, (855) 799-4757

Forward-Looking Statements

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.
John Michel
Chief Financial Officer

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