Citizens Securities, Inc.

• A percentage of assets under your management

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

See the firm's brochure (dated April 14, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$12,868,719,975 as of October 2026, filing dated September 3, 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
• Selection of other advisers (including private fund managers)
• Other

Also doing business as

CITIZENS PRIVATE WEALTH, CITIZENS WEALTH MANAGEMENT

Registration

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

Registered since

2003 (23 years)

Employees

Total: 471. Performing investment advisory functions: 454.

Wrap fee program participation

Yes.

Other offices (Schedule D, Section 1.F)

22 other offices, as of the October 2026 filing

Albany, NYAlliance, OHBoston, MAColumbus, OHConshohocken, PALos Angeles, CAMedford, MAMonroeville, PANaples, FLNew York, NYPalm Beach, FLPittsburgh, PARochester, NYRocky River, OHSan Francisco, CASyracuse, NYTarrytown, NYWest Hartford, CTWest Palm Beach, FLWestwood, MAWoburn, MAWoodcliff Lake, NJ

States registered or notice-filed

52 states or jurisdictions

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVIVTWAWIWVWY

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: $6,569,164,086 in the October 2021 data and $12,868,719,975 in the October 2026 data, up 96%.

Total employees: 720 in October 2021 and 471 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. April 2026
   • Regulatory assets under management went from $9,188,004,183 to $12,868,719,975 (+40%).
   • Employees performing advisory functions went from 400 to 454.
   • Item 11 disclosure answers changed: 3 yes answers, previously 5 (now no: 11.D(1), 11.E(2)).
   • Changed its office addresses in Monroeville, PA.
   • Changed its office addresses in New York, NY.
   • Changed its office addresses in Pittsburgh, PA.
   • Added an office in Alliance, OH.
   • Added an office in Conshohocken, PA.
   • Added an office in Los Angeles, CA.
   • Added an office in Medford, MA.
   • Added an office in Naples, FL.
   • Added an office in Rochester, NY.
   • Added an office in Tarrytown, NY.
   • Added an office in West Hartford, CT.
   • Added an office in Woodcliff Lake, NJ.
   • No longer lists an office in Boston, MA.
   • No longer lists an office in Clinton Township, MI.
   • No longer lists an office in Cranston, RI.
   • No longer lists an office in Fairlawn, OH.
   • No longer lists an office in Fort Washington, PA.
   • No longer lists an office in Hudson, MA.
   • No longer lists an office in Hudson, NH.
   • No longer lists an office in Northfield, OH.
   • No longer lists an office in Philadelphia, PA.
   • No longer lists an office in Warrendale, PA.
2. February 2026
   • Item 11 disclosure answers changed: 5 yes answers, previously 8 (now no: 11.C(2), 11.C(4), 11.C(5)).

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