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2019
On December 6, 2019, Sterling Capital’s parent company, BB&T Corporation and SunTrust Banks closed the merger of equals and became Truist Financial Corporation, the sixth largest U.S. commercial bank. Sterling continues to be an independently operated subsidiary of BB&T Corporation now Truist Financial Corporation.
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2018
Sterling Capital Funds offered R6 Share Class.
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2015
AUM topped $50 billion. The Stratton Relative Value Team joins SCM following BB&T’s purchase of Susquehanna Bancshares.
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2013
CHOICE Asset Management combined with SCM and named the Equity Opportunities Team.
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2010
SCM and BB&T restructured ownership. BB&T Asset Management merged into Sterling. Advisory Solutions was formed.
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2008
The Behavioral Finance Team was created by existing personnel at SCM.
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2006
AUM topped $10 billion.
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2005
BB&T Corporation purchased a majority equity ownership stake in Sterling Capital Management, LLC (SCM).
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2001
Became an employee owned firm.
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1992
AUM topped $1 billion.
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1991
Sterling merged with Trinity Capital Advisors.
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1984
Sterling sold to United Asset Management.
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1981
Sterling Management was named Top Manager in the Country by Frank Russell Co.
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1977
Sterling Management bought from Interstate Securities.
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1973
Nisbet, Inc. renamed Sterling Management Company. Becomes subsidiary of Interstate Securities.
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1970
Nisbet, Inc. founded by W. Olin Nisbet, III.