# First Citizens Wealth

First Citizens Wealth is a Bank / Wealth / Trust based in San Francisco, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 1994
- **Assets under management:** Undisclosed
- **Website:** https://www.firstcitizens.com/wealth
- **LinkedIn:** https://www.linkedin.com/company/firstcitizenswealth

## Regulatory record

- **Reports private funds:** No

## About

First Citizens Wealth is a Boston-based wealth manager with approximately $7.4 billion in assets under management, primarily serving North America.

## Questions

### Is First Citizens Wealth a registered investment advisor or a bank trust department?

First Citizens Wealth operates as the wealth management and trust division of First Citizens Bank, a regulated bank holding company. It delivers investment management through the bank's fiduciary powers rather than a standalone RIA structure — client assets are custodied on the bank's balance sheet or in trust accounts, with investment discretion exercised under trust-law fiduciary standards.

### How did the Silicon Valley Bank failure affect First Citizens Wealth's client base?

First Citizens Bank acquired SVB's private wealth business in March 2023 as part of an FDIC-assisted transaction, adding high-net-worth clients concentrated in technology, venture capital, and executive equity-compensation planning. The bank has maintained the acquired team and brand, integrating SVB Private's relationship managers and roughly $17 billion in wealth assets into the First Citizens Wealth platform.

### Who runs investment decisions at First Citizens Wealth?

Investment policy and asset allocation are set by the wealth division's investment committee, which draws on the parent bank's treasury and capital-markets desks for fixed-income execution and manager selection. Specific portfolio-management responsibilities are distributed across regional teams, with credit-intensive allocations originating through the bank's structured-finance and sponsor-coverage groups.

## Related profiles

- [First Citizens Bank](https://altss.com/profile/first-citizens-bank)
- [First City Capital Management](https://altss.com/profile/first-city-capital-management)

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Last updated: 2026-06-03T20:00:00.000Z

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