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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • CSI Capital Management
  • SunTrust Banks, Inc.
  • Wealth Management Firms
  • May 11, 2011
  • $1.5 Billion

Seller Details

CSI Capital Management is a San Francisco-based wealth management firm established in 1978 to provide financial management services to a wide array of affluent individuals and families.  CSI specializes in serving the particular financial needs of prominent professional athletes, who form a large segment of its client base. CSI Capital is an employee-owned company. 

Buyer Details

SunTrust Banks, Inc. is a regional bank holding company.  Through its banking subsidiaries, the company provides deposit, credit, trust, and investment services to a broad range of retail, business, and institutional clients. Other subsidiaries provide mortgage banking, asset management, brokerage, and capital market services.  The company operates in Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia. In addition, SunTrust provides customers with a full range of technology-based banking channels, including Internet, PC, and Automated Telephone Banking.

Transaction Summary

SunTrust Banks, Inc. announced that it 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 success of SunTrust's Sports & Entertainment Specialty Group, in its music, motorsports and film practices. 
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