Citizens Private Wealth
Assets Under Management
$12.2B
Number of Clients
2,073
Number of Advisors
81
Avg. Portfolio per Client
$5.9M
Avg. Managed per Advisor
$150.4M
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
About This Firm
Clarfeld Financial Advisors, operating as Citizens Private Wealth, provides investment advice to individuals, pension plans, businesses, trusts, and charities. They focus on creating long-term investment plans based on each client's goals and cash flow needs. They use an open-architecture platform, selecting investment managers based on their merits. While they primarily take a discretionary approach, non-discretionary clients must approve recommendations before implementation. They may recommend services from affiliated firms like Citizens Bank, Estate Preservation Services, and Citizens Securities, Inc.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $10.0M | 0.40% |
| $10.0M - $20.0M | 0.35% |
| $20.0M - $35.0M | 0.25% |
| $35.0M - $50.0M | 0.20% |
| $50M+ | 0.10% |
This fee schedule applies to standalone fixed income only engagements. Standard investment advisory fees range between 0.10% and 2.0%.
Fee Estimator
Areas of Practice
Location
520 White Plains Road, 3rd Floor, Tarrytown, NY, 10591