Wealth manager, bank-affiliated · Tarrytown, NY
Citizens Private Wealth
Citizens Private Wealth, LLC · SEC-registered investment adviser · CRD 106743 · SEC 801-40835
At a glance
Citizens Private Wealth is an SEC-registered investment adviser based in Tarrytown, New York, with $17B in regulatory assets under management as of its Form ADV filed July 8, 2026. It reports 2,465 individual clients, 2,465 of them high-net-worth, holding an average of about $6.4 million each, and 214 employees. That ranks it 57th among the nation’s 5,657 independent wealth management RIAs and 10th of 408 in New York. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Up $1.1B from $16B in its previous filing; rank 59 → 57. This month’s movers →
Main office 914-846-0100citizensbank.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $17B
- Rank among independent wealth managers
- #57 of 5,657
- Rank among all SEC RIAs
- #982 of 17,210
- Rank in New York
- #10 of 408
- Individual clients
- 2,465
- High-net-worth clients
- 2,465
- Accounts
- 12,118
- Discretionary
- 86% of AUM
- Employees
- 214
- Advisory staff
- 214
- Offices
- 26
Owners and executives on its Form ADV
- Michael D HansChief Investment Officer
- David Howard ShoreChief Compliance Officer
- Thomas B. MetzgerPresident
- Julie A. AliHead of Wealth Operations
- Chad ArnoldChief Operating Officer
- Kevin John CarvalhoController
- Paul W CaseyChief Executive Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Citizens Private Wealth is a hybrid RIA: 84 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Citizens JMP Securities, LLC and Citizens Securities, Inc..
- Citizens JMP Securities, LLC ↗CRD 22208
- Citizens Securities, Inc. ↗CRD 39550
Its Form ADV brochure (filed July 2026) names Citizens Securities as the broker-dealer its advisers are registered with.
Certain CPW employees are licensed as registered representatives with our affiliated broker-dealer, Citizens Securities, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 2,465 | $16B | 94% |
| Corporations or other businesses | 95 | $784M | 5% |
| Charitable organizations | 7 | $146M | <1% |
Disciplinary disclosures
Citizens Private Wealth answers yes to 8 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗citizensbank.com ↗
AtlasMembers
The full record on Citizens Private Wealth
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 252 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Silvercrest Asset Management Group LLCNew York | $28B | 1,081 |
| Arax Advisory PartnersNew York | $27B | 15,155 |
| Summit Trail Advisors, LLCNew York | $20B | 639 |
| Evercore Wealth Management, LLCNew York | $16B | 731 |
| Williams Jones Wealth Management, LLCNew York | $12B | 1,517 |
| Tocqueville Asset Management LPNew York | $10B | 1,159 |
Compare Citizens Private Wealth with
- Citizens Private Wealth vs Modera Wealth Management, LLC $18B · Westwood, NJ
- Citizens Private Wealth vs Mission Wealth Management, LP $17B · Santa Barbara, CA
- Citizens Private Wealth vs Independent Financial Partners $16B · Tampa, FL
- Citizens Private Wealth vs Mycio Wealth Partners, LLC $16B · Philadelphia, PA
- Citizens Private Wealth vs Evercore Wealth Management, LLC $16B · New York, NY
Background
Questions
How much does Citizens Private Wealth manage?
Citizens Private Wealth reports $17B in regulatory assets under management across 12,118 accounts, 86% of it on a discretionary basis, on its Form ADV filed July 8, 2026.
How many clients does Citizens Private Wealth have?
It reports 2,465 individual clients: 2,465 high-net-worth individuals and 0 other individuals. Individuals account for about 94% of its regulatory assets.
Where is Citizens Private Wealth headquartered?
Its main office is in Tarrytown, New York. It reports 26 offices in total and 214 employees, 214 of whom perform investment advisory functions.
How does Citizens Private Wealth charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Citizens Private Wealth use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed July 8, 2026, it reports these amounts held: Fidelity ($6.3B); Charles Schwab ($5.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Citizens Private Wealth a hybrid RIA with a broker-dealer?
Citizens Private Wealth is a hybrid RIA: 84 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Citizens JMP Securities, LLC and Citizens Securities, Inc.. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Citizens Private Wealth a fiduciary?
As an SEC-registered investment adviser, Citizens Private Wealth owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 84 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Citizens Private Wealth’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-08), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →