First Citizens Institutional Asset Management (FCIAM) provides investment management, advisory, and administrative services to clients, typically privately offered pooled investment entities and institutional separately managed accounts. FCIAM invests primarily in loans and leases, managing client assets according to investment objectives and guidelines. FCIAM identifies, recommends, and monitors investments, with FCB personnel often serving on client boards and investment committees. Loans or leases can be sourced from FCB or its affiliates and sold to clients in arm’s-length transactions.
Fee Structure
FCIAM is compensated for its investment advisory and management services through investment management fees. FCIAM can also receive an incentive and/or performance fee based upon performance measurements. Management fees and incentive fees are negotiated between FCIAM and each Client on a case-by-case basis. There are no set fee schedules.