News
January 01, 2008
Leading Family Office Extends National Presence in Fast-Growing Southwestern Wealth Management Market
PALM BEACH, Fla. – Jan. 2, 2008 – GenSpring Family Offices (formerly Asset
Management Advisors), the wealth management firm for ultra high net worth families,
announced today the acquisition of Inlign Wealth Management, LLC. Based in Phoenix
and founded by Mark Feldman in 2002, Inlign is the leading wealth management firm in
the Southwest, with more than $2 billion in assets under advisement. The combined
firm will assume the GenSpring Family Offices name, serving over 600 families with
nearly $15 billion in assets under advisement. Terms of the transaction were not
disclosed.
Once limited to a few of the world’s wealthiest families, the benefits of the family office
business model are becoming known to a wider circle of ultra high net worth clients. As a
result, both firms have been growing rapidly. The GenSpring model is built on three
family office principles: complete separation of advisors from the makers of financial
products, pre-set size limits on number of clients per advisor, and a strictly integrative
approach that treats financial capital and human capital as part of a whole system.
The structure eliminates all conflicts of interest to ensure objectivity and transparency,
ensures total focus on the family at a personal level, and removes financial service
boundaries so that all dimensions of wealth management can work in concert for each
family.
“As we continue to deliver on our strategy of market leadership through national and
international growth we’re carefully assessing the approach to families, capabilities and
culture of various wealth management firms,” said Maria Elena Lagomasino, CEO of
GenSpring. “During this process it became readily apparent to us that Inlign is a strong
fit across the board. Their staff is passionate about working with families, and their
location in Phoenix supports our plans for national growth. Most importantly, Inlign
shares our approach to being on the family’s side of the table and working on behalf of
their best interests. We are thrilled to have them join the growing GenSpring family.”
“This agreement signifies two successful wealth management firms coming together to
best meet the unique needs and challenges of ultra high net worth families,” said Mark
Feldman, CEO of Inlign Wealth Management. “We’re particularly excited about the
opportunity to contribute to GenSpring’s outstanding growth as part of a team for whom
we have the utmost respect. We possess similar philosophies around serving client
families, and we look forward to sharing best practices and learning from each other to
the betterment of our clients.”
About GenSpring Family Offices
Founded by families for families in 1989 as Asset Management Advisors (AMA),
GenSpring Family Offices, an affiliate of SunTrust Banks, Inc. (NYSE:STI), is one of the
nation’s premier wealth management firms for ultra-high net worth families. With
nearly $15 billion under advisement, GenSpring has been chosen by more than 600
families to manage their wealth across generations. GenSpring is headquartered in Palm
Beach Gardens, Florida and has local family offices in Atlanta, Charlotte, Greenwich,
New York City, Miami, Orlando, Palm Beach, Tampa Bay, Sarasota, Washington, DC and
Phoenix. For more information please visit
www.GenSpring.com.
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