GenSpring family offices, the US-based wealth management firm for ultra high net worth families, has acquired Inlign Wealth Management for an undisclosed sum.
Inlign is the leading wealth management firm in southwest US 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.
"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. Most importantly, Inlign shares our approach to being on the family's side of the table and working on behalf of their best interest."
The benefits of the family office are becoming increasingly recognised by a wider circle of ultra high net worth clients and, as a result, both firms have been growing rapidly.
"This agreement signifies two successful wealth management firms coming together to meet the unique needs and challenges of ultra high net worth families," added Mark Feldman, CEO of Inlign.