City National Rochdale

CRD#117198
Investment Advisor Firm

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Learn more about City National Rochdale

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

    • Overview

    City National Rochdale is located at 400 Park Avenue, New York, NY. The firm employs 129 financial advisors to manage client portfolios and provide financial guidance. City National Rochdale is not a registered broker-dealer.

    City National Rochdale oversees $60.1 billion in assets under management across 43,108 accounts, of which 42,911 are discretionary and 197 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and selection of other advisers. The firm caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at City National Rochdale includes asset-based and fixed fees. The firm has 15,584 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, real estate broker or dealer, and commodity pool advisor.

    City National Rochdale is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $60.1 billion

    Number of Advisors

    129

    Disclosures

    No

    Office Location

    400 Park Avenue
    New York, NY 10022

    City National Rochdale by the Numbers

    Total Assets Under Management

    $60.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    220

    National Average: 64
    Total Number of Accounts

    43,108

    National Average: 375,227
    Average Account Size

    $1.4 million

    National Average: $23.0 thousand
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    Products and Services

    City National Rochdale offers multiple financial services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and selection of other advisers. However, City National Rochdale did not provide financial planning services to any of its clients in the prior financial year. It does not sell products or offer services aside from investment advisory services to its investment advisory accounts.

    Core Advisor Services

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      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.

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      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.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      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 depend on which services are offered. Fees billed by City National Rochdale likely consist of any blend of the following fee types: asset-based or fixed. The firm does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    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 broad range of clients. The firm caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations. Out of its 7 clients, City National Rochdale's largest client group by number of accounts is high net worth investors, but it also caters to 15584 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM 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* - 88.08%
    • Other Individuals - 6.14%
    • Corporations - 5%
    • Charitable Organizations - 0.78%

    * 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

    City National Rochdale does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at City National Rochdale

    Justin Pender
    New York, NY
    Evan Lincoln
    San Francisco, CA
    Stephen Kleiman
    New York, NY
    Russell Martin
    New York, NY
    Thomas Oconnell
    New York, NY
    Benjamin Ludwig
    Schweksville, PA
    David Shapiro
    New York, NY
    Leigh Bucholtz
    Lake Mary, FL
    Samuel Melchiorre
    Beverly Hills, CA

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