SunTrust Acquires High-Net Worth Management Firm
April 16, 2001 (PLANSPONSOR.com) - SunTrust Banks,
Inc has acquired Asset Management Advisors (AMA), a
specialized wealth management firm for an undisclosed
amount.
Reported by Camilla Klein
Jupiter, Florida-based AMA, founded in 1990 and employing 25 people, will continue to operate under its own name and current management and expand SunTrust?s high net-worth line of businesses. AMA’s staff are also located in Jackson, Wyoming, operating at Teton Trust Company and Philadelphia, as Lighthouse Partners, LLC.
SunTrust Banks has approximately $130 billion in total trust assets and $90 billion in discretionary assets under management.