Guardian Capital Group acquired Sterling Capital Management from Truist Financial for $70 million.

Guardian Capital Group announced its acquisition of Sterling Capital Management from Truist Financial for $70 million. Guardian Capital, a subsidiary of the financial services company, intends to operate Sterling as a separate entity. Sterling Capital Management, based in Charlotte, North Carolina, provides investment advisory services and had approximately $76 billion in assets under management as of December 31, 2023.

February 02, 2024
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