First Citizens Asset Management (FCAM) offers investment advice through sub-advisory services to affiliated entities and directly to individuals, corporations, and municipalities. For individuals, FCAM offers wrap fee, separately managed account (SMA), and unified managed account (UMA) programs. FCAM creates model portfolios using funds and exchange-traded products (ETFs) based on different risk profiles. FCAM does not offer wrap fee programs to new clients and will not accept any new wrap fee accounts.
Fee Structure
FCAM offers investment management through various programs. FCAM will generally receive a fee in the range of 0.04% to .50% of the assets under management in the Client account for sub-advisory services. For retail services, fees are based on a percentage of the assets in the account. The fees vary by service. FCAM does not offer wrap fee programs to new clients and will not accept any new wrap fee accounts.