# Citizens Securities, Inc.

> Citizens Securities, Inc. is an SEC-registered investment advisory firm in Johnston, RI, registered since 2003, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 3, 2026.

- CRD: 39550
- Filed as: CITIZENS SECURITIES, INC.
- Also doing business as: CITIZENS PRIVATE WEALTH, CITIZENS WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Johnston, RI
- Filing period: October 2026
- Form ADV filing dated: September 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/39550
- AdvisorCensus page: https://advisorcensus.com/firm/citizens-securities-inc-johnston-ri-39550

## Quick answers

**How is Citizens Securities, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Citizens Securities, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Citizens Securities, Inc. located?**
Citizens Securities, Inc.'s principal office is in Johnston, RI, according to its Form ADV; the October 2026 filing also lists 22 other offices (Schedule D, Section 1.F).

**Is Citizens Securities, Inc. registered with the SEC or a state?**
Citizens Securities, Inc. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 39550.

**How much does Citizens Securities, Inc. manage?**
Citizens Securities, Inc. reports $12,868,719,975 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (0% discretionary).

**How have Citizens Securities, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Citizens Securities, Inc.: 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. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Citizens Securities, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (60,118); corporations or other businesses not listed above (383); high net worth individuals (44).

**Does Citizens Securities, Inc. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.G (pending regulatory proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/39550

**What changed in Citizens Securities, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: 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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $12,868,719,975
- Discretionary: $0
- Non-discretionary: $12,868,719,975

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 60,118 | $12,206,715,719 |
| High net worth individuals | 44 | $359,386,766 |
| Corporations or other businesses not listed above | 383 | $302,617,490 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2003 (23 years)
- Employees: 471 total, 454 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 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. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/39550

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Albany, NY
- Alliance, OH
- Boston, MA
- Columbus, OH
- Conshohocken, PA
- Los Angeles, CA
- Medford, MA
- Monroeville, PA
- Naples, FL
- New York, NY
- Palm Beach, FL
- Pittsburgh, PA
- Rochester, NY
- Rocky River, OH
- San Francisco, CA
- Syracuse, NY
- Tarrytown, NY
- West Hartford, CT
- West Palm Beach, FL
- Westwood, MA
- Woburn, MA
- Woodcliff Lake, NJ

### Websites listed on Form ADV (Item 1.I)
- citizensbank.com
- Facebook @CitizensWealthManagement
- Instagram @citizenswealthmanagement
- LinkedIn @citizens-private-wealth
- LinkedIn @citizens-wealth-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,569,164,086 | 720 | April 2, 2021 |
| October 2022 | $7,674,960,126 | 732 | April 19, 2022 |
| October 2023 | $6,960,227,088 | 613 | March 17, 2023 |
| October 2024 | $7,314,113,890 | 613 | March 15, 2024 |
| October 2025 | $9,188,004,183 | 418 | June 23, 2025 |
| October 2026 | $12,868,719,975 | 471 | September 3, 2026 |

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.

## Changes in the filing (last 12 months)

### 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.

### February 2026
- Item 11 disclosure answers changed: 5 yes answers, previously 8 (now no: 11.C(2), 11.C(4), 11.C(5)).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Citizens Securities, Inc. (CRD 39550): Form ADV filing data as of October 2026.