GenSpring Family Offices, a leading wealth management firm for ultra-high net worth families, is pleased to announce the expansion of the firm's Western Region with the founding of a family office in Los Angeles. The establishment of a Los Angeles location bolsters the firm's continuing commitment to the California market and focus on continued national growth.

Leading the team in Los Angeles is Alan Bonde, a wealth advisory veteran who joins GenSpring as Managing Director of Client Development for the firm's Western Region after a 13-year career with Wilmington Trust. In this role, Mr. Bonde is responsible for introducing wealthy families and investors to GenSpring's unique family office platform, which since its founding 25 years ago, has been anchored in the delivery of objective advice by a team of seasoned professionals across a wide range of wealth management topics.

"GenSpring Family Offices has emerged as a clear market leader among family offices," said Mr. Bonde. "GenSpring's unparalleled expertise in helping families sustain and enhance their wealth is well known and was the driving factor in my decision to join the firm. I look forward to introducing wealthy families throughout the Western Region to GenSpring."

"We are thrilled to welcome Alan to GenSpring. He is a highly regarded industry veteran who brings both extensive wealth management experience and a fresh perspective to help us solve the challenges that wealthy families face," said Head of Client Development Michael Woocher, to whom Mr. Bonde will report. "California is a critical area to GenSpring and Alan's leadership and deep roots in the region will be instrumental as we continue to focus our growth efforts."

Joining Mr. Bonde is Jan Vega, Family Wealth Advisor with GenSpring and former relationship manager with Wilmington Trust in Los Angeles. In her new role, Ms. Vega is responsible for providing integrated advice and services across a variety of wealth management areas including estate planning, tax, family governance, education and risk management. She is a CERTIFIED FINANCIAL PLANNER TM certificant and also earned her Certified Trust and Financial Analyst (CFTA) and Personal Financial Planning (PFP) designations. Ms. Vega is actively involved in alumni groups for Loyola Marymount University, where she received her BBA, and the University of Southern California (MBA).

GenSpring's Los Angeles family office is located at 1999 Avenue of the Stars, Suite 1050, Los Angeles, CA 90067.

About GenSpring Family Offices

Founded in 1989, GenSpring Family Offices, an affiliate of SunTrust Banks, Inc. (NYSE:STI), is a leading wealth management firm for ultra-high net worth families. Once limited to a few of the world's wealthiest families, the benefits of the family office are rapidly becoming known to a wider circle of ultra-high net worth clients. GenSpring was named 2012 Best Overall Multi-Family Office by Private Asset Management magazine, ranked #1 on Financial Planning magazine's 2012 Top 50 RIAs and most recently ranked #3 on Forbes' 2013 Top 50 Wealth Managers List. For more information on GenSpring Family Offices, please visit www.GenSpring.com.

The Kaufman Group
Chuck Kaufman, 617-641-9005
ckaufman@tkgresults.com
or
GenSpring Family Offices
Katie Folmar, 561-354-0867
Katie.Folmar@GenSpring.com