First Citizens Asset Management, Inc is a large advisory firm based in Raleigh. It manages $155.22 million of regulatory assets for 836 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Florida, Georgia, Indiana, and 7 other states.
First Citizens Asset Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of First Citizens Asset Management, Inc is $155.22 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay First Citizens Asset Management, Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Sharon Walters Bryant is individuals with 772 clients and $112.4 million of assets under management. Among the 7 most similar advisory firms, First Citizens Asset Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $155.22 million for 819 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
First Citizens Asset Management doesn't advise any private funds.
The company employs 48 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 48 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Sharon Walters Bryant has been acting as President since 1 Jul 2015. Steven Fred Bogaczyk joined the executive team most recently as the Director, Chief Financial Officer.
The principal office where First Citizens Asset Management, Inc performs its advisory services is located at 4300 Six Forks Rd., Raleigh, NC 27609, which is also the mailing address of the firm. An additional office of the firm is in Sumter, SC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 800-229-0205 or by fax 919-716-2230. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at firstcitizensonline.com/wealth/investments/management.html.