Citizens Private Wealth, LLC (formerly known as Clarfeld Financial Advisors, LLC) is a registered investment advisor providing integrated financial services to high net worth individuals, families, trusts, estates, and charitable organizations. The firm offers discretionary and non-discretionary investment management, wrap fee programs, comprehensive financial and tax planning, and business consulting services for closely held businesses and multigenerational families. Their investment approach is built around establishing a long-term asset allocation tailored to each client's unique lifestyle goals and cash flow needs, utilizing an open architecture platform. The firm operates through multiple branch offices and is a subsidiary of Citizens Bank, N.A.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 1.50% |
| $2.0M - $5.0M | 1.25% |
| $5.0M - $10.0M | 1.00% |
| $10.0M - $25.0M | 0.85% |
| $25.0M - $50.0M | 0.70% |
| $50M+ | 0.55% |
Fees may be reduced or waived based on account size, complexity, and family relationships. Legacy clients may be subject to separate wrap fees or fixed-income-only schedules.