First Citizens Asset Management, INC

Fee-Only (% of Portfolio)

First Citizens Asset Management provides investment management and advisory services to individuals, trusts, estates, charitable organizations, corporations, and institutional clients. The firm builds globally diversified portfolios using mutual funds, exchange-traded products, and individual stocks and bonds, often utilizing model portfolios tailored to different risk levels. First Citizens Asset Management also offers separately managed account and unified managed account programs, allowing clients to work with third-party investment managers. While the firm is not currently accepting new retail advisory clients, it continues to manage existing individual accounts and provide sub-advisory services. First Citizens Asset Management is a wholly owned subsidiary of First-Citizens Bank & Trust Company.

Assets Under Management$470M
Clients1,264
Advisors72
Avg. per Client$370K
Avg. per Advisor$6.5M

Fee Structure

Minimum Investment:$50K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $250K2.75%
$250K - $500K2.75%
$500K - $1000K2.00%
$1.0M - $2.0M2.00%
$2.0M - $5.0M1.50%
$5M+1.00%

Rates reflect the maximum fees for Unified Managed Account equity and balanced portfolios. Separately Managed Account maximum fees range from 1.00% to 2.00%. Fees may be negotiated.

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Location

72 Advisors at this firm

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First Citizens Asset Management, INC - Fees, AUM & Advisors | TrueAdvisor