{"url":"https://nivawealth.com/firms/citizens-securities-39550","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/39550","regulatoryAum":12868719975,"crd":"39550","secFileNumber":"801-61902","legalName":"Citizens Securities, Inc.","displayName":"Citizens Securities","website":null,"founded":null,"organization":"Rhode Island corporation","fiscalYearEnd":"December","headquarters":{"street":"One Citizens Bank Way, JCB135","city":"Johnston","state":"RI","stateName":"Rhode Island","country":"United States","postalCode":"02919"},"tradeNames":["Citizens Private Wealth","Citizens Wealth Management"],"registration":{"secApproved":"27 March 2003","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":471,"advisory":454,"brokerDealerReps":456,"insuranceAgents":452,"promoters":0},"aum":{"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":12868719975,"nonDiscretionaryAccounts":60545,"wrapProgram":0,"nonUsClientsPct":0,"nonAumClients":60545},"clientTypes":[{"label":"Individuals (other than HNW)","clients":60118,"regulatoryAum":12206715719},{"label":"High-net-worth individuals","clients":44,"regulatoryAum":359386766},{"label":"Corporations and other businesses","clients":383,"regulatoryAum":302617490}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Citizens Securities does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Chad Arnold","title":"COO Wealth, Executive Vice President","crd":"3076401"},{"name":"Michael Cherny","title":"President","crd":"4864410"},{"name":"Kevin Carvalho","title":"Chief Financial Officer","crd":"6115556"},{"name":"David Shore","title":"Chief Compliance Officer","crd":"2106767"}],"ownership":[{"label":"Citizens Bank, N.A.","detail":"Direct ownership in the 75% or more ownership band and a control person, since June 2015."},{"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":993,"privateResidences":0},"listedOfficeAddresses":26,"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"101 California ST","city":"San Francisco"},{"street":"11755 Wilshire BLVD","city":"Los Angeles"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"15 South Main ST","city":"West Hartford"}]},{"state":"Florida","offices":3,"addresses":[{"street":"777 S Flagler Drive","city":"West Palm Beach"},{"street":"4501 Tamiami TRL N","city":"Naples"},{"street":"400 Royal Palm Way","city":"Palm Beach"}]},{"state":"Massachusetts","offices":5,"addresses":[{"street":"200 Station Drive","city":"Westwood"},{"street":"99 High Street","city":"Boston"},{"street":"772 Boylston Street","city":"Boston"},{"street":"6 Russell Street","city":"Woburn"},{"street":"20 Cabot Road","city":"Medford"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"50 Tice BLVD","city":"Woodcliff Lake"}]},{"state":"New York","offices":6,"addresses":[{"street":"One Lincoln Center","city":"Syracuse"},{"street":"20 Corporate Woods BLVD, Suite 302","city":"Albany"},{"street":"1301 Avenue of the Americas","city":"New York"},{"street":"186 East 86th Street","city":"New York"},{"street":"2833 Ridge Road West","city":"Rochester"},{"street":"520 White Plains RD","city":"Tarrytown"}]},{"state":"Ohio","offices":3,"addresses":[{"street":"4249 Easton Way","city":"Columbus"},{"street":"21550 Center Ridge Road","city":"Rocky River"},{"street":"780 W State Street","city":"Alliance"}]},{"state":"Pennsylvania","offices":4,"addresses":[{"street":"4210 William Penn Hwy","city":"Monroeville"},{"street":"1680 Washington Road","city":"Pittsburgh"},{"street":"300 Barr Harbor Drive, Suite 450","city":"Conshohocken"},{"street":"444 Liberty Avenue","city":"Pittsburgh"}]},{"state":"Rhode Island","offices":1,"addresses":[{"street":"One Citizens Bank Way, JCB135","city":"Johnston","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"18009428300","stateRegisteredReps":454,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"18500","assetMix":[{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"3 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/39550/PDF/39550.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 Securities have?","answer":"Citizens Securities has 60,545 clients and manages $12.9 billion for them, as of September 2026. They include 60,118 other individuals, 383 corporations and other businesses and 44 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 3 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Citizens Securities offer?","answer":"Citizens Securities provides financial planning, portfolio management for individuals and small businesses, selecting other managers and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Citizens Securities have?","answer":"Citizens Securities has 454 investment adviser representatives registered with state securities authorities, out of 471 employees, and 454 perform investment advisory functions. 456 are registered representatives of a broker-dealer and 452 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 Securities invest in?","answer":"At the end of its last fiscal year, Citizens Securities’ separately managed accounts held 100% pooled vehicles (private funds and similar). 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 Securities?","answer":"Citizens Securities 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 3 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Citizens Securities get paid?","answer":"Citizens Securities is paid through a percentage of assets under management. 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."}