Citizens Private Wealth

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Account minimum: None

As stated in the firm's Form ADV Part 2A brochure dated July 8, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

$16,634,578,146 as of October 2026, filing dated July 8, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses
• Portfolio management for businesses (other than small businesses) or institutional clients
• Selection of other advisers (including private fund managers)

Legal name

Citizens Private Wealth, LLC

Also doing business as

CITIZENS PRIVATE WEALTH, CLARFELD, ESTATE PRESERVATION SERVICES, LLC

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

1992 (34 years)

Employees

Total: 214. Performing investment advisory functions: 214.

Wrap fee program participation

Yes.

Custodians (Schedule D, Section 5.K(3))

Charles Schwab & Co., Inc.Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

20 other offices, as of the August 2026 filing

Beverly Hills, CABoca Raton, FLBoston, MAJohnston, RILos Angeles, CAManchester, NHMarlton, NJMelville, NYMenlo Park, CANaples, FLNew York, NYNewport Beach, CAPalm Beach, FLPittsburgh, PAPortsmouth, NHProvidence, RISan Francisco, CAStamford, CTWestwood, MAWoodcliff Lake, NJ

States registered or notice-filed

53 states or jurisdictions

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVIVTWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

3 Reports 3 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
• 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.G Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $5,966,716,000 in the October 2021 data and $16,634,578,146 in the October 2026 data, up 179%.

Total employees: 135 in October 2021 and 214 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. August 2026
   • Changed its legal name from Clarfeld Financial Advisors, LLC to Citizens Private Wealth, LLC.
   • Employees performing advisory functions went from 204 to 214.
2. May 2026
   • Item 11 disclosure answers changed: 3 yes answers, previously 8 (now no: 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.E(2)).
3. April 2026
   • No longer lists the business name Citizens Private Client.
   • Employees performing advisory functions went from 200 to 204.
   • Regulatory assets under management went from $12,182,945,000 to $15,542,802,000 (+28%).
   • Changed its office addresses in Naples, FL.
   • Changed its office addresses in New York, NY.
   • Changed its office addresses in Newport Beach, CA.
   • Added an office in Beverly Hills, CA.
   • Added an office in Melville, NY.
   • Added an office in Menlo Park, CA.
   • Added an office in Stamford, CT.
   • Added an office in Woodcliff Lake, NJ.
   • No longer lists an office in Andover, MA.
   • No longer lists an office in Conshohocken, PA.
   • No longer lists an office in Fort Lauderdale, FL.
   • No longer lists an office in Newport, RI.
   • No longer lists an office in Phoenixville, PA.
   • No longer lists an office in Princeton, NJ.
   • No longer lists an office in Rochester, NY.
   • No longer lists an office in Short Hills, NJ.
   • No longer lists an office in West Hartford, CA.
   • No longer lists an office in West Palm Beach, FL.
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.