Wealth manager, bank-affiliated · Raleigh, NC
First Citizens Asset Management, Inc
SEC-registered investment adviser · CRD 140777 · SEC 801-79917
At a glance
First Citizens Asset Management, Inc is an SEC-registered investment adviser based in Raleigh, North Carolina, with $465 million in regulatory assets under management as of its Form ADV filed May 27, 2026. Its largest client group by assets is individuals, and it reports 1,246 individual clients. By Form ADV it is a wealth manager (bank-affiliated), ranked 3,068th of 8,915 wealth managers and 8,129th of 17,210 SEC-registered advisers by assets.
Main office 800-229-0205firstcitizens.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $465M
- Rank among wealth managers
- #3,068 of 8,915
- Rank among all SEC RIAs
- #8,129 of 17,210
- Rank in North Carolina
- #129 of 288
- Individual clients
- 1,246
- High-net-worth clients
- 62
- Accounts
- 1,274
- Discretionary
- 94% of AUM
- Employees
- 58
- Advisory staff
- 32
- Offices
- 24
Owners and executives on its Form ADV
- Brent CilianoDirector
- Michael Christopher WilsonDirector, President
- Mary CeceDirector, Secretary
- Michael Lee LongestDirector, Chief Financial Officer
- Thaddeus W. YasunagaChief Investment Officer
- Charles Falconer III McCallumDirector
- Mark S. MarroneChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
First Citizens Asset Management, Inc is a hybrid RIA: 55 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: First Citizens Capital Securities, LLC and First Citizens Investor Services, Inc..
- First Citizens Capital Securities, LLC ↗CRD 41504
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- First Citizens Investor Services, Inc. ↗CRD 44430
Its Form ADV brochure (filed April 2026) names First Citizens Investment Services and First Citizens Investor Services as the broker-dealer its advisers are registered with.
The management, certain support staff and the IARs of FCAM are also registered representatives of First Citizens Investment Services, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 1,184 | $292M | 63% |
| High-net-worth individuals | 62 | $91M | 20% |
| State or municipal government entities | 6 | $77M | 17% |
| Corporations or other businesses | 9 | $4M | <1% |
| Charitable organizations | 2 | $1M | <1% |
| Other | 1 | $0M | <1% |
Disciplinary disclosures
First Citizens Asset Management, Inc answers yes to 5 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
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗firstcitizens.com ↗
AtlasMembers
The full record on First Citizens Asset Management, Inc
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
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- Growth over one, three and five years
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- Rank against 5,635 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does First Citizens Asset Management, Inc manage?
First Citizens Asset Management, Inc reports $465 million in regulatory assets under management across 1,274 accounts, 94% of it on a discretionary basis, on its Form ADV filed May 27, 2026.
What kind of firm is First Citizens Asset Management, Inc?
First Citizens Asset Management, Inc is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are First Citizens Asset Management, Inc’s clients?
By assets, its largest client types are individuals ($292 million, 1,184 clients); high-net-worth individuals ($91 million, 62 clients); state or municipal government entities ($77 million, 6 clients).
Does First Citizens Asset Management, Inc have any disciplinary history?
First Citizens Asset Management, Inc answers yes to 5 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is First Citizens Asset Management, Inc’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 (2026-05-27), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →