Hot on the heels of a Californian expansion in January, GenSpring Family Offices has furthered its presence in the state with the introduction of an eight-strong team in San Francisco.

Hot on the heels of a Californian expansion in January, GenSpring Family Offices has furthered its presence in the state with the introduction of an eight-strong team in San Francisco.

This becomes the firm’s third office in the Golden State, with arms already in Costa Mesa and Los Angeles, the latter of which was established earlier this year.

Determined to grow its national presence, Florida-headquartered GenSpring set up camp in San Francisco to deliver individually-tailored services to help families sustain and enhance wealth across generations, it said in a statement.

Leading the team of eight will be family investment officers Steven Cutcliffe, William Oscher and Bill Hageboeck.

Oscher specializes in helping ultra-high net worth clients meet their intergenerational wealth management goals by developing customized investment strategies and overseeing the active management of their investment assets.

Hageboeck brings extensive expertise in investment management and financial planning and is responsible for overseeing investment policy formation, manager selection, client asset allocation and portfolio performance reviews

Cutcliffe is no stranger to the needs of Bay Area substantially wealthy families, leaving his post as managing director at SunTrust Private Wealth Management to join GenSpring.

“This expansion in San Francisco is the next logical step as the demand for our objective wealth management services continues to grow,” Pat Soldano, managing director of client service for the firm’s Western Region, said.

Michael Woocher, head of client development at GenSpring, will be speaking about key issues in family offices this morning at the Family Wealth Report Summit in New York.