With $1.5bn in assets under management, CSI Capital focuses on the financial and investment needs of high net worth clients including professional athletes.
Atlanta-based SunTrust said that acquisition will expand the presence of its private wealth management business in Los Angeles and Atlanta and adds offices in Greenwich, Boca Raton and San Francisco.
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SunTrust’s sports and entertainment specialty group has offices in Atlanta, San Diego, Los Angeles, Charlotte, Daytona Beach, and Nashville.
SunTrust sports and entertainment specialty group managing director Thomas Carroll said that the bank’s experience helps successful artists, athletes and entertainers and others affiliated with the business of sports and entertainment achieve their financial goals.
The terms of the transaction were not disclosed.
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