Citizens Securities, Inc. provides investment advisory services primarily through two offerings: the Citizens Advisory Solutions Managed Account Program and the Digital Advisory Program. Through the managed account program, Citizens Securities helps clients compile their financial information, assess their risk tolerance, and develop a customized, discretionary investment management strategy using mutual funds, exchange-traded funds, separately managed accounts, and unified managed accounts. The firm partners with external platform managers like Envestnet and SigFig to provide administrative infrastructure and portfolio overlay management. In addition, Citizens Securities offers fixed income strategies managed by its affiliate, Citizens Private Wealth. Clients receive ongoing portfolio monitoring and annual reviews with an assigned wealth advisor. The firm acts as a broker-dealer and an insurance agency in addition to its registered investment advisor services, utilizing National Financial Services as its clearing broker and custodian.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.35% |
| $250K - $500K | 1.25% |
| $500K - $1.0M | 1.13% |
| $1.0M - $2.0M | 1.08% |
| $2.0M - $5.0M | 1.03% |
| $5M+ | 0.98% |
Schedule reflects fees for the Advisory Connect program. Other managed account programs charge an advisor fee up to 2%, plus platform and manager fees.