Asset ManagerRIA · CRD 124567SEC-Registered

Updated:

SVB Asset Management

SVB Asset Management is an SEC-registered investment adviser in San Francisco, CA, registered since 2003. The firm manages approximately $32.3 billion in...

SVB Asset Management

SVB Asset Management is an SEC-registered investment adviser in San Francisco, CA, registered since 2003. The firm manages approximately $32.3 billion in assets. It has 24 employees and 24 investment advisers.

General information

Firm type

Generalist

Year founded

2003

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

San Francisco, CA, United States

Frequently asked questions

What is the current operating status of SVB Asset Management?

SVB Asset Management was a division of Silicon Valley Bank, which entered FDIC receivership in March 2023. First Citizens Bank acquired the bulk of SVB's assets and business lines, including the wealth and asset management operations, later that month (per FDIC, March 2023). The current entity status, brand continuity, and team composition under First Citizens ownership are not detailed in recent public disclosures.

Who were the typical clients of SVB Asset Management?

Client relationships mirrored Silicon Valley Bank's broader commercial and venture-debt franchise: corporate treasurers at technology and life-science companies, venture capital partnerships, and private equity sponsors. The group served a concentrated ecosystem of cash-rich innovation-economy firms that prioritized principal preservation and same-day liquidity.

What happened to client portfolios after the March 2023 bank failure?

Segregated separately managed accounts were generally held in client name with third-party custodians and were not consolidated into the bank's general corporate assets. The FDIC receivership process and subsequent sale to First Citizens Bank transferred the operational servicing of those mandates, but the specific portfolio disposition, mandate retention rate, and any client withdrawals following the crisis are not a matter of public record.

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