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SunTrust's Asset Management Advisors Opens Tampa Bay Area Office

PRNewswire
ORLANDO, Fla.
Feb 9, 2005

Asset Management Advisors (AMA), a multi-family office and affiliate of SunTrust Banks, Inc. , today announced the opening of its newest location to serve clients in the Tampa Bay area. The office is part of the expansion of AMA's Orlando location, and AMA Chairman, Stephen S. Salley, and President, JoEllen Ross, will oversee both the Orlando and Tampa Bay offices.

"The need to serve existing clients on the west coast of Florida initially dictated our opening a new office in the Tampa Bay area," said Mr. Salley. "We've assembled a seasoned team of professionals who have already attracted interest from potential clients."

The office will be staffed by a team of three client service professionals. Darlene Grayson, Family Wealth Advisor, will be team leader, responsible for the delivery of AMA's wealth management services. She was previously a First Vice President in Private Client Services at SunTrust Bank in St. Petersburg, Fla., and has more than 10 years of experience in the financial services industry. She is a member of the Board of Trustees of All Children's Hospital Foundation, Academy Prep Center for Education, Outback Steakhouse Foundation, and is President of All Children's Hospital Foundation Development Council.

Ray Sidwell, Financial Advisor, will be responsible for designing and implementing client portfolios. Before joining AMA, he was Senior Financial Advisor for the Southeast at Ernst & Young, LLP in Tampa, where he consulted on estate planning and investment strategy and provided comprehensive wealth management solutions. Ray has more than 10 years experience in the financial industry. He holds several investment licenses and is a member of the Florida Bar, with expertise in corporate and intellectual property law.

Elaine Caldwell, Family Services Coordinator, is responsible for day-to-day client administration. She has a 20-year plus career at SunTrust Bank.

Asset Management Advisors is a multi-family office with customized, objective wealth management solutions for high net worth individuals and their families. Founded in 1989 and headquartered in Palm Beach, Fla., AMA maintains local offices in Palm Beach, Miami and Orlando, Fla.; Atlanta; Washington, D.C.; Greenwich, Conn.; and Charlotte, N.C.; in addition to its new Tampa Bay office. AMA's Internet address is http://www.amaglobal.com/ .

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of December 31, 2004, SunTrust had total assets of $159.1 billion and total deposits of $103.4 billion. The company operates an extensive distribution network primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia, and also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. SunTrust's Internet address is http://www.suntrust.com/ .

Contact: Stephen Salley, Asset Management Advisors, 407-581-6900

SOURCE: Asset Management Advisors

CONTACT: Stephen Salley of Asset Management Advisors, +1-407-581-6900