Bringing you live news and features since 2006 

SunTrust acquires CSI Capital Management


SunTrust Banks, Inc has acquired the assets of CSI Capital Management, a San Francisco based wealth management firm with a significant nation-wide presence that focuses on the financial and investment needs of high net worth clients including highly visible professional athletes.

The acquisition expands the presence of SunTrust’s Private Wealth Management division in Los Angeles and Atlanta; adds offices in Greenwich, Boca Raton and San Francisco; and builds on the company’s similar success in its music, motorsports and film practices.  Terms of the agreement have not been disclosed.
Established in 1978, CSI Capital Management has approximately USD1.5 billion in assets under management.

"SunTrust continues to build its client base and reinforce its reputation as a leading wealth and investment management group through its strategic acquisition of assets of CSI Capital Management, one of the premier wealth management groups in California," says Thomas Carroll, Managing Director of SunTrust Sports and Entertainment Specialty Group. "Our experience helps successful artists, athletes and entertainers – and others affiliated with the business of sports and entertainment – achieve their financial goals.  We welcome the wealth management experience, reputation and proven client relationships represented by the people, brand and capabilities of CSI Capital Management."

The Sports and Entertainment Specialty Group provides investment advice, estate planning, wealth advisory services and personal finance options to serve the complex needs of its clients.

"CSI is excited to join SunTrust’s Private Wealth Management team which is widely recognised for delivering an industry leading client experience. We believe this is an ideal partnership where our combined strengths and expanded capabilities will provide exemplary service and added value for clients," said Leland Faust, founder and Chairman of CSI Capital.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by