LOS
ANGELES, Sept. 13, 2023 /PRNewswire/ -- First
Citizens Wealth today launched a new wealth advisory business with
a team of advisors across Southern
California to better serve individuals, families, and
institutions in growing, managing, and preserving their wealth.
Led by regional executive Art
Saldivar, a financial services veteran, the Southern California team consists of seven
experienced financial professionals working from three separate
offices serving the Los Angeles,
San Diego and Orange County submarkets.
"Our wide array of financial products and services, combined
with First Citizens' long-time focus on personalized service, is a
perfect fit for the needs of savers and investors across
Southern California," Saldivar
said. "We are excited to begin our journey and look forward to
establishing a premier wealth management provider in the
region."
Having done business in the Southern
California area for two decades, First Citizens today
operates more than 60 branches statewide, most of them in the
Southern California region, and
has an active middle market banking and commercial lending practice
across in the state.
In addition, First Citizens recently acquired assets and assumed
deposits of Silicon Valley Bank (SVB)'s private and commercial
banks, adding even more regional knowledge, financial talent, and
client relationships to the organization's portfolio.
With assets under management exceeding $50 billion, First Citizens has built one of the
nation's leading wealth management practices with a relentless
focus on high-touch, personalized customer service. More than 900
First Citizens Wealth associates deliver a broad range of financial
products and expertise to clients from coast to coast.
"We look forward to introducing high net-worth individuals and
institutional clients across Southern
California to the unique blend of service and support that
is making First Citizens Wealth one of the industry's top providers
of financial services and guidance," Saldivar concluded.
First Citizens Wealth empowers clients with a comprehensive set
of services and solutions to meet their unique and evolving needs.
The team's holistic approach, goals-based strategy and personalized
service help ensure clients can make smart decisions at every stage
of their financial journey.
About First Citizens Bank and First Citizens
Wealth
First Citizens Bank helps personal, business,
commercial and wealth clients build financial strength that lasts.
Headquartered in Raleigh, N.C.,
and now celebrating the 125th anniversary of its founding, First
Citizens has built a unique legacy of strength, stability and
long-term thinking that has spanned generations. First Citizens
offers an array of general banking services including a network of
more than 500 branches and offices in 30 states; commercial banking
expertise delivering best-in-class lending, leasing and other
financial services coast to coast; innovation banking serving
businesses at every stage; and a nationwide direct bank. Parent
company First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top
20 U.S. financial institution with more than $200 billion in assets. Discover more at
firstcitizens.com.
First Citizens Wealth Management is a registered trademark of
First Citizens BancShares Inc. First Citizens Wealth Management
products and services are offered by First-Citizens Bank &
Trust Company, member FDIC, Equal Housing Lender; First
Citizens Investor Services Inc., member FINRA and SIPC, an
SEC-registered broker-dealer and investment advisor; and First
Citizens Asset Management Inc., an SEC-registered investment
advisor. Brokerage and investment advisory services are offered
through First Citizens Investor Services, Inc. First Citizens Asset
Management Inc. provides investment advisory services. Bank deposit
products are offered by First-Citizens Bank & Trust
Company.
MEDIA RELATIONS:
John M.
Moran
212-461-5507
john.moran2@firstcitizens.com
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SOURCE First Citizens Bank