San Mateo, CA Office

SVB Wealth LLC serves individuals (including high net worth clients), trusts, estates, retirement plans, charitable organizations, and corporate and pension clients, offering wealth management and portfolio management, financial planning, and retirement plan advisory services. It historically operated a wrap fee program and continues to provide sub-advisory relationships and consolidated reporting, though the firm no longer accepts new private fund investments or new wrap program accounts.

Investment advice is delivered primarily through its investment adviser representatives (IARs), who develop an investment policy statement for each client and may manage accounts on a discretionary or non-discretionary basis. SVBW selects and monitors affiliated and unaffiliated third‑party managers through a documented due diligence process and uses fundamental, quantitative, and technical analysis supported by an Investment Committee to oversee allocations and manager adherence.

SVBW’s ownership and operating structure is a notable differentiator: it is a wholly owned, non‑bank subsidiary of First‑Citizens Bank & Trust Company and is affiliated with bank, trust, broker‑dealer (First Citizens Investor Services/FCIS), and asset management entities, which creates some custody, referral, and dual‑registration dynamics documented in the brochure. Those relationships can result in custody arrangements with the bank, control agreements tied to pledged assets, and intra‑company referrals and potential conflicts that the firm discloses and says it seeks to mitigate through disclosure, supervision, and compliance; the firm also maintains a Retirement Plan Advisory Team focused on ERISA fiduciary counseling.