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We are pleased to announce that effective 12/31/08 Cymric became part of GenSpring Family Offices, LLC.Please visit www.GenSpring.com to learn more about our new partners. PRESS RELEASE!GenSpring Family Offices to Acquire Cymric Family Office Services, Extending Wealth Management Leader’s Presence to the West Coast PALM BEACH, Fla. – Dec. 18, 2008 – GenSpring Family Offices, a wealth management firm exclusively for ultra high net worth families, announced today that it has signed a definitive purchase agreement to acquire Cymric Family Office Services. Based in Costa Mesa, California and founded by current CEO and President Patricia M. Soldano in 1987, Cymric Family Office Services is a leading independent multi family office serving clients in California and other states. ——————————— Upcoming Presentations"Save Your Money" ———————————— A message from Patricia M. Soldano, President,Permit me to start this letter with some exciting news: as some of you have already heard, Cymric Family Office Services was recently acquired by GenSpring Family Offices, a premier firm with one of the most respected names in our business. GenSpring Family Offices currently represents some seven hundred ultra high net worth families with approximately $17 Billion of assets under advisement. With the acquisition of Cymric, GenSpring now has fourteen US-based multi family offices. Within the highly specialized community of family office service professionals, Cymric Family Office Services offers families with substantial assets a specialized capability and valuable expertise – multi-family office services. Those families who do not wish to maintain their own family office can have access to all the essential financial coordination benefits of a dedicated family office from Cymric Family Office Services without compromising competence, performance or scope of services. Utilizing the same important combination of in-office skills and outside professional consultants that a single-family office would use, Cymric Family Office Services serves a limited number of client families and maintains complete and highly confidential knowledge of their overall financial situations, their ongoing distinctive needs and their identified family objectives. "Cymric Family Office Services is a full service family office for each family it serves."
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