GenSpring Family Offices, a US-based wealth management firm, has expanded the resources of its family governance and education teams, to meet the growing demand for these services from client families.

The expansion includes addition of regional competency with specialists located across the firm’s footprint, which includes 12 family offices, new appointments and expanded roles.

As part of the expansion, GenSpring Family Offices governance and education managing director Daisy Medici assumed expanded roles of overseeing and managing the resources and 11 governance and education specialists.

The company has also named Family Wealth Advisors David Herritt and Sheila Stinson as family governance director and family education director respectively, who will work with existing governance and education teams, and five regional specialists.

Medici said as a pioneer in dedicating resources to addressing complex non-financial issues, they have witnessed a growing trend over the years in demand for these services from their client families.

"In order to meet this demand-driven need, our internal structure has evolved so we can even more effectively deliver the tools, processes and robust curriculum we have developed from a set of best practices that has proven successful in sustaining family wealth," Medici added.

Wealth Advisory Center head Tim Tallach said it is important for families to have integrated family governance structures and practices in place so they will be better able to successfully and harmoniously navigate both the opportunities and challenges that arise with a life of wealth.