First Citizens Investor Services, Inc

CRD#44430
Investment Advisor Firm

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Learn more about First Citizens Investor Services, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    First Citizens Investor Services, Inc is located at 4300 Six Forks Rd, Raleigh, NC. The firm employs 130 financial advisors to manage client portfolios and provide financial guidance. First Citizens Investor Services, Inc is a registered broker-dealer.

    First Citizens Investor Services, Inc oversees $1.7 billion in assets under management across 6,086 accounts, of which 6,060 are discretionary and 26 are non-discretionary. Over the past year, the firm has provided financial planning services to 2,000 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and selection of other advisers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at First Citizens Investor Services, Inc includes asset-based and fixed fees. The firm has 321 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, a banking or thrift institution, and an insurance company or agency.

    First Citizens Investor Services, Inc is registered in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Louisiana, Maryland, Massachusetts, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wisconsin.

    Assets Under Management

    $1.7 billion

    Number of Advisors

    130

    Disclosures

    No

    Office Location

    4300 Six Forks Rd
    Raleigh, NC 27609

    First Citizens Investor Services, Inc by the Numbers

    Total Assets Under Management

    $1.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    235

    National Average: 64
    Total Number of Accounts

    6,086

    National Average: 375,227
    Average Account Size

    $284.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    First Citizens Investor Services, Inc offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and selection of other advisers. In the last financial year, First Citizens Investor Services, Inc provided 2000 of its accounts with financial planning services. The Company does sell products or offer services different than investment advisory services to its clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees typically vary depending on which service is provided. Fees billed by First Citizens Investor Services, Inc likely include any blend of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by First Citizens Investor Services, Inc.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company does business with a number of different clients. The firm works with retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, First Citizens Investor Services, Inc's biggest client group by number of accounts is retail investors, although it also caters to 321 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 6.63%
    • Other Individuals - 92.15%
    • Corporations - 0.91%
    • Charitable Organizations - 0.31%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    First Citizens Investor Services, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at First Citizens Investor Services, Inc

    Robert Lane
    Charlotte, NC
    Adrian Orozco
    Raleigh, NC
    Michael Taylor
    Wilmington, NC
    Carl Robinson
    Boston, MA
    William Norman
    Raleigh, NC
    Jessie Mccollough
    Raleigh, NC
    Brandon Johnson
    Columbia, SC
    Timothy Nugent
    Raleigh, NC
    Nicholas Loeper
    Raleigh, NC

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