CITIZENS SECURITIES, INC.
Adviser information for CITIZENS SECURITIES, INC. last updated from Form ADV on March 15th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Rhode Island, United States |
Employees
| Total Number of Employees | 613 |
|---|---|
| Investment Advisory/Research | 380 |
| Registered Broker-Dealer Representatives | 613 |
| Registered State Investment Advisers | 380 |
| Licensed Agents of an Insurance Company | 613 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 0 | $0 |
| Non-Discretionary | 47,222 | $7.3B |
| Total | 47,222 | $7.3B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 47,048 | $7.2B |
| HNW Individuals | 5 | $33.7M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 169 | $64.8M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 47222 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 18500 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)PARTICIPATE IN WRAP FEE PROGRAM |
|---|---|
| Compensation | % of AUM |
| Other Business Activities | Broker-dealerInsurance broker or agent |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 0 |
Identifiers
| SEC RIA File Number | 801-61902 |
|---|---|
| SEC ERA File Number | 801-61902 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 39550 |
| Legal Entity Identifier | N/A |
Principal Office
ONE CITIZENS BANK WAYJCB135
JOHNSTON
RI
United States
Monday - Friday, 9:00 AM - 5:00 PM
Tel: 1-800-942-8300, Fax: 877-349-3048
Websites
Chief Compliance Officer
DAVID H SHORE
SVP/DIRECTOR OF COMPLIANCE
200 STATION DRIVE
MWS414
WESTWOOD
MA
United States
Tel:
781-364-1641
Fax:
781-401-3184
D**********@***************M
(Full email address available in API data)
Regulatory Contact
DAVID W HAM
DEPUTY CHIEF COMPLIANCE OFFICER
200 STATION DRIVE
MWS414
WESTWOOD
MA
United States
Tel:
781-364-3026
D**********@*********************M
(Full email address available in API data)
Industry Affiliates
| CITIZENS BANK N.A. | Banking or thrift institution |
| CITIZENS INVESTMENT ADVISORS | Other investment adviser, including financial planners |
| CITIZENS JMP SECURITIES, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| CLARFELD | Other investment adviser, including financial planners |
| ESTATE PRESERVATION SERVICES LLC | Insurance company or agency |
| HARVEST CAPITAL STRATEGIES LLC | Other investment adviser, including financial planners |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| CITIZENS FINANCIAL GROUP, INC. | Domestic Entity | CITIZENS BANK, N.A. | DIRECT SHAREHOLDER | 05/2005 | > 75% |
| CITIZENS BANK, N.A. | Domestic Entity | – | DIRECT OWNERSHIP | 06/2015 | > 75% |
| CARVALHO, KEVIN JOHN | Individual | – | CHIEF FINANCIAL OFFICER | 06/2016 | < 5% |
| SHORE, DAVID HOWARD | Individual | – | CHIEF COMPLIANCE OFFICER | 10/2018 | < 5% |
| ARNOLD, CHAD | Individual | – | COO WEALTH, EXECUTIVE VICE PRESIDENT | 02/2023 | < 5% |
| CHERNY, MICHAEL | Individual | – | HEAD OF CITIZENS SECURITIES, INC. | 03/2024 | < 5% |