{"url":"https://nivawealth.com/firms/citizens-private-wealth-106743","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106743","regulatoryAum":16634578146,"crd":"106743","secFileNumber":"801-40835","legalName":"Citizens Private Wealth, LLC","displayName":"Citizens Private Wealth","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"520 White Plains Road, 3rd Floor","city":"Tarrytown","state":"NY","stateName":"New York","country":"United States","postalCode":"10591"},"tradeNames":["Citizens Private Wealth","Clarfeld","Estate Preservation Services, LLC"],"registration":{"secApproved":"20 February 1992","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":214,"advisory":214,"brokerDealerReps":84,"insuranceAgents":50,"promoters":0},"aum":{"discretionary":14334685305,"discretionaryAccounts":10565,"nonDiscretionary":2299892841,"nonDiscretionaryAccounts":1553,"wrapProgram":3420034122,"nonUsClientsPct":1,"nonAumClients":2567},"clientTypes":[{"label":"High-net-worth individuals","clients":2465,"regulatoryAum":15704634716},{"label":"Charitable organizations","clients":7,"regulatoryAum":145717426},{"label":"Corporations and other businesses","clients":95,"regulatoryAum":784226004}],"fees":[],"feeNotes":[],"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":5444479962},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":6325761292}],"custodyNote":"Citizens Private Wealth has custody of $364.8M for 141 clients.","otherCustodians":[],"leadership":[{"name":"Paul Casey","title":"Chief Executive Officer","crd":"4605324"},{"name":"Thomas Metzger","title":"President","crd":"5311021"},{"name":"Chad Arnold","title":"Chief Operating Officer","crd":"3076401"},{"name":"David Shore","title":"Chief Compliance Officer","crd":"2106767"},{"name":"Julie Ali","title":"Head of Wealth Operations","crd":"2936638"},{"name":"Kevin Carvalho","title":"Controller","crd":"6115556"},{"name":"Michael Hans","title":"Chief Investment Officer","crd":"5583273"}],"ownership":[{"label":"Citizens Bank, N.A.","detail":"Direct ownership in the 75% or more ownership band and a control person, since January 2019."},{"label":"Citizens Financial Group, Inc.","detail":"Indirect owner: a direct shareholder of Citizens Bank, N.A. in the 75% or more band and a control person, since May 2005.","parent":"Citizens Bank, N.A."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":25,"privateResidences":3},"listedOfficeAddresses":23,"officesByState":[{"state":"California","offices":5,"addresses":[{"street":"11755 Wilshire BLVD","city":"Los Angeles"},{"street":"101 California","city":"San Francisco"},{"street":"1400 Newport Center Drive","city":"Newport Beach"},{"street":"99 Camino Real","city":"Menlo Park"},{"street":"9560 Wilshire BLVD","city":"Beverly Hills"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"59 Broad Street","city":"Stamford"}]},{"state":"Florida","offices":3,"addresses":[{"street":"4501 Tamiani TRL N","city":"Naples"},{"street":"400 Royal Palm Way","city":"Palm Beach"},{"street":"1 N. Federal Hwy","city":"Boca Raton"}]},{"state":"Massachusetts","offices":3,"addresses":[{"street":"200 Station Drive","city":"Westwood"},{"street":"772 Boylston Street","city":"Boston"},{"street":"99 High Street","city":"Boston"}]},{"state":"New Hampshire","offices":2,"addresses":[{"street":"134 Pleasant Street","city":"Portsmouth"},{"street":"900 Elm Street","city":"Manchester"}]},{"state":"New Jersey","offices":2,"addresses":[{"street":"50 Tice BLVD","city":"Woodcliff Lake"},{"street":"400 Lippincott Drive","city":"Marlton"}]},{"state":"New York","offices":3,"addresses":[{"street":"520 White Plains Road, 3rd Floor","city":"Tarrytown","headquarters":true},{"street":"58 S. Service Road","city":"Melville"},{"street":"1301 Avenue of the Americas","city":"New York"}]},{"state":"Pennsylvania","offices":2,"addresses":[{"street":"1680 Washington Road","city":"Pittsburgh"},{"street":"444 Liberty Ave","city":"Pittsburgh"}]},{"state":"Rhode Island","offices":2,"addresses":[{"street":"1 Citizens Plaza","city":"Providence"},{"street":"1 Citizens Bank Way","city":"Johnston"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"914-846-0100","stateRegisteredReps":68,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":33},{"label":"U.S. government/agency bonds","percent":8},{"label":"U.S. state and local bonds","percent":7},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":46},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":1,"detail":"Alternative Investment Assets That Were Held in the Client'S Investment Portfolio Prior to Engaging Citizens Private Wealth to Manage Assets."}],"privateFunds":0},"sources":{"adv1FilingDate":"8 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106743/PDF/106743.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Citizens Private Wealth have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Citizens Private Wealth offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Citizens Private Wealth use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Citizens Private Wealth have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Citizens Private Wealth invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Citizens Private Wealth?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Citizens Private Wealth get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}