RALEIGH,
N.C., Aug. 1, 2024 /PRNewswire/ -- First
Citizens Wealth today announced it is expanding its presence in
Atlanta to better support growing
demand from its core clientele of entrepreneurs and business
owners.
Continued growth is driving the recent addition of a portfolio
strategist and the impending additions of a wealth consultant and
two private bankers to the First Citizens Wealth team as it expands
its capacity to help clients meet their financial objectives.
The First Citizens Wealth team in Atlanta specializes in private banking and
wealth consulting, with an emphasis on certified exit-planning
services for business owners. The team leverages its expertise to
assist business owners in evaluating the best ways of transitioning
out of their business, which may include transferring to family
members, selling to insiders, or selling to a third party.
"Atlanta is an exceptional
market with an abundance of entrepreneurs and business owners
seeking assistance in preserving and growing the value of their
enterprise," said Michael Wilson,
executive vice president and lead executive for First Citizens
Wealth.
"By expanding our talent and capabilities, we ensure we are
ready with the services and guidance needed to help entrepreneurs
and business owners reach their financial objectives," Wilson
added. "We expect these pending additions to our Atlanta team are only the beginning of its
growth trajectory as clients continue to realize the value that our
organization offers."
First Citizens Wealth serves its clients from three locations in
the Atlanta area -- Alpharetta, Duluth and Cumberland. Overall, First Citizens Bank has a
presence in 29 locations across Georgia, along with an active middle market
banking and commercial lending practice statewide.
"We established the First Citizens Wealth team here in
Atlanta in early 2020 and have
embraced the market with the services and support it needs most,"
said Chad Kidwell, who leads the
First Citizens team of wealth consultants, private bankers and
portfolio strategists.
"First Citizens is a relationship bank with a rich history and a
focus on strength, stability and growth," Kidwell said. "We are
confident that our services and our expertise can help provide the
right answer for entrepreneurs and business owners seeking
financial advice and guidance."
With assets under management of more than $50 billion, First Citizens is building a
nationwide wealth management practice 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.
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
First Citizens Bank helps
personal, business, commercial and wealth clients build financial
strength that lasts. Headquartered in Raleigh, N.C., 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 and
a member of the Fortune 500™. Discover more at
firstcitizens.com.
About the Entities, Brands and Services Offered
First
Citizens Wealth™ (FCW) is a marketing brand of First Citizens
BancShares, Inc., a bank holding company. The following affiliates
of First Citizens BancShares are the entities through which FCW
products are offered. Brokerage products and services are offered
through First Citizens Investor Services, Inc. ("FCIS") , a
registered broker-dealer, Member FINRA and
SIPC. Advisory services are offered through FCIS,
First Citizens Asset Management, Inc. and SVB Wealth LLC, all SEC
registered investment advisers. Certain brokerage and
advisory products and services may not be available from all
Investment Professionals, in all jurisdictions, or to all
investors. Insurance products and services are offered through
FCIS, a licensed insurance agency. Banking, lending, trust products
and services, and certain insurance products and services are
offered by First-Citizens Bank & Trust Company, Member
FDIC, and an Equal Housing Lender and SVB, a division of
First-Citizens Bank & Trust Company.
For more information about FCIS, FCAM or SVBW and its
Investment Professionals click here:
https://www.firstcitizens.com/wealth/disclosures
https://www.svb.com/private-bank/disclosures/form-adv/
MEDIA RELATIONS:
Abigail M.
Sumner
abigail.sumner@firstcitizens.com
Lexa Tutela Losey
212-461-5305
Lexa.tutela@firstcitizens.com
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SOURCE First Citizens Bank