Clients
Citizens Private Wealth serves 2,567 clients, 2,465 of them high-net-worth individuals. The average client has about $6.5 million with the firm, and high-net-worth clients hold 94% of its $16.6 billion in assets.
- High-net-worth individuals2,465 clients94%
- Corporations and other businesses95 clients5%
- Charitable organizations7 clients1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 2,465 | $15,704,634,716 | 94.4% | $6.37M |
| Charitable organizations | 7 | $145,717,426 | 0.9% | $20.8M |
| Corporations and other businesses | 95 | $784,226,004 | 4.7% | $8.26M |
| Total | 2,567 | $16,634,578,146 | 100% | $6.48M |
- Clients
- 2,465
- Regulatory AUM
- $15,704,634,716
- Share
- 94.4%
- Avg. per client
- $6.37M
- Clients
- 7
- Regulatory AUM
- $145,717,426
- Share
- 0.9%
- Avg. per client
- $20.8M
- Clients
- 95
- Regulatory AUM
- $784,226,004
- Share
- 4.7%
- Avg. per client
- $8.26M
Total
- Clients
- 2,567
- Regulatory AUM
- $16,634,578,146
- Share
- 100%
- Avg. per client
- $6.48M
What it does
Citizens Private Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, hourly charges and fixed fees.
Citizens Private Wealth provided financial planning to 101–250 clients last fiscal year and advises no private funds.
86.2% of assets ($14.33B across 10,565 accounts) are managed with discretion; $2.30B across 1,553 accounts are not. $3.42B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 2,567 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks33%
- Funds46%
- Bonds16%
- U.S. government and agency bonds8%
- State and local bonds7%
- Investment grade corporate bonds1%
- Cash4%
- Other1%
- Alternative investment assets that were held in the client's investment portfolio prior to engaging citizens private wealth to manage assets.1%
Custodians
Citizens Private Wealth’s client accounts are held mainly at Fidelity, with 38% of managed assets, and Charles Schwab, with 33%. Citizens Private Wealth has custody of $364.8M for 141 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $5.44B33%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $6.33B38%
- All other custodians$4.86B29%
Ownership and leadership
Citizens Bank, N.A. owns 75% or more of Citizens Private Wealth, and Paul Casey is its CEO.
- Owns 75% or more of Citizens Private Wealth, LLC
Citizens Bank, N.A.
Control person · since January 2019
- Owns 75% or more of Citizens Bank, N.A.
Citizens Financial Group, Inc.
Control person · since May 2005
Leadership
- Paul CaseyChief Executive Officer
- Thomas MetzgerPresident
- Chad ArnoldChief Operating Officer
- David ShoreChief Compliance Officer
- Julie AliHead of Wealth Operations
- Kevin CarvalhoController
- Michael HansChief Investment Officer
Staff
- 214 employees
- 214 in advisory functions
- 68 state-registered reps
- 84 broker-dealer reps
- 50 insurance agents
Fees
Citizens Private Wealth is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).
Citizens Private Wealth’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Citizens Private Wealth has 25 offices (3 private residences, listed without an address), with 23 listed addresses across 9 states.
California · 5 listed addresses
- 11755 Wilshire BLVD, Los Angeles
- 101 California, San Francisco
- 1400 Newport Center Drive, Newport Beach
- 99 Camino Real, Menlo Park
- 9560 Wilshire BLVD, Beverly Hills
Florida · 3 listed addresses
- 4501 Tamiani TRL N, Naples
- 400 Royal Palm Way, Palm Beach
- 1 N. Federal Hwy, Boca Raton
Massachusetts · 3 listed addresses
- 200 Station Drive, Westwood
- 772 Boylston Street, Boston
- 99 High Street, Boston
New York · 3 listed addresses
- 520 White Plains Road, 3rd Floor, TarrytownHQ
- 58 S. Service Road, Melville
- 1301 Avenue of the Americas, New York
New Hampshire · 2 listed addresses
- 134 Pleasant Street, Portsmouth
- 900 Elm Street, Manchester
New Jersey · 2 listed addresses
- 50 Tice BLVD, Woodcliff Lake
- 400 Lippincott Drive, Marlton
Pennsylvania · 2 listed addresses
- 1680 Washington Road, Pittsburgh
- 444 Liberty Ave, Pittsburgh
Rhode Island · 2 listed addresses
- 1 Citizens Plaza, Providence
- 1 Citizens Bank Way, Johnston
Connecticut · 1 listed address
- 59 Broad Street, Stamford
Other business names
Citizens Private Wealth has reported 3 other business names to the SEC.
- Citizens Private Wealth
- Clarfeld
- Estate Preservation Services, LLC
Registration details
- Legal name
- Citizens Private Wealth, LLC
- Headquarters
- 520 White Plains Road, 3rd Floor, Tarrytown, NY 10591
- Phone
- 914-846-0100
- Website
- Not reported
- SEC file
- 801-40835
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Citizens Private Wealth have?
Citizens Private Wealth has 2,567 clients and manages $16.6 billion for them, as of July 2026. They include 2,465 high-net-worth individuals, 95 corporations and other businesses and 7 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 July 2026
What services does Citizens Private Wealth offer?
Citizens Private Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Citizens Private Wealth use?
Citizens Private Wealth’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $6,325,761,292 and Charles Schwab & Co., Inc. (San Francisco, CA), with $5,444,479,962. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 July 2026
How many financial advisors does Citizens Private Wealth have?
Citizens Private Wealth has 68 investment adviser representatives registered with state securities authorities, out of 214 employees, and 214 perform investment advisory functions. 84 are registered representatives of a broker-dealer and 50 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Citizens Private Wealth invest in?
At the end of its last fiscal year, Citizens Private Wealth’s separately managed accounts held 46% registered funds (mutual funds, ETFs, BDCs), 33% exchange-traded equities, 8% U.S. government and agency bonds, 7% state and local bonds, 4% cash and equivalents, 1% investment grade corporate bonds and 1% alternative investment assets that were held in the client's investment portfolio prior to engaging citizens private wealth to manage assets.. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Citizens Private Wealth?
Citizens Private Wealth is owned through a holding company by Citizens Financial Group, Inc. Its direct owner is Citizens Bank, N.A. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 8 July 2026
How does Citizens Private Wealth get paid?
Citizens Private Wealth is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file