{ "crd_number": 140777, "slug": "first-citizens-asset-management-inc-raleigh-nc-140777", "primary_business_name": "FIRST CITIZENS ASSET MANAGEMENT, INC", "legal_name": "FIRST CITIZENS ASSET MANAGEMENT, INC", "dbas": [ "FIRST CITIZENS WEALTH" ], "city": "Raleigh", "state": "NC", "country": "United States", "cbsa_code": "39580", "metro": { "cbsa_code": "39580", "common_name": "Raleigh", "msa_name": "Raleigh-Cary, NC", "path": "/advisors/nc/raleigh" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2014-06-19", "years_registered": 12, "period": "2026-10-01", "filing_date": "2026-05-27", "carried_forward": false, "raum_total": 465065299.0, "raum_discretionary": 435094631.0, "raum_non_discretionary": 29970668.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 58, "advisory_employees": 32, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 85059.0, "count": 1, "description": "CLIENT", "fewer_than_5": true }, "charitable": { "raum": 564086.0, "count": 2, "fewer_than_5": true }, "individuals": { "raum": 292361494.0, "count": 1184 }, "state_municipal": { "raum": 77434611.0, "count": 6 }, "high_net_worth_individuals": { "raum": 90785961.0, "count": 62 }, "corporations_other_businesses": { "raum": 3834088.0, "count": 9 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "educational_seminars", "financial_planning", "other", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": true, "disclosure_yes_count": 5, "states_registered": [ "AL", "AR", "CT", "GA", "IN", "KS", "MO", "NC", "OH", "SC", "TN", "TX", "VA", "WY" ], "websites": [ "https://firstcitizens.com/WEALTH", "https://linkedin.com/company/firstcitizenswealth" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140777", "disclosure_items": [ { "item": "11.C(1)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?" }, { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" }, { "item": "11.H(2)", "question": "Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?" } ], "city_as_filed": "RALEIGH", "url": "https://advisorcensus.com/firm/first-citizens-asset-management-inc-raleigh-nc-140777", "display_name": "First Citizens Asset Management, Inc", "summary": "First Citizens Asset Management, Inc is an SEC-registered investment advisory firm in Raleigh, NC, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 27, 2026.", "citation": "AdvisorCensus. First Citizens Asset Management, Inc (CRD 140777): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "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)", "Educational seminars/workshops", "Other" ], "quick_answers": [ { "q": "How is First Citizens Asset Management, Inc compensated?", "a": "On its Form ADV (Item 5.E, October 2026), First Citizens Asset Management, Inc reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is First Citizens Asset Management, Inc located?", "a": "First Citizens Asset Management, Inc's principal office is in Raleigh, NC, according to its Form ADV; the June 2026 filing also lists 18 other offices (Schedule D, Section 1.F)." }, { "q": "Is First Citizens Asset Management, Inc registered with the SEC or a state?", "a": "First Citizens Asset Management, Inc is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 140777." }, { "q": "How much does First Citizens Asset Management, Inc manage?", "a": "First Citizens Asset Management, Inc reports $465,065,299 in regulatory assets under management in its Form ADV filing dated May 27, 2026 (94% discretionary)." }, { "q": "How have First Citizens Asset Management, Inc's assets and staff changed since 2021?", "a": "In the Form ADV data for First Citizens Asset Management, Inc: Regulatory assets under management: $109,823,007 in the October 2021 data and $465,065,299 in the October 2026 data, up 323%. Total employees: 41 in October 2021 and 58 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does First Citizens Asset Management, Inc serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,184); high net worth individuals (62); corporations or other businesses not listed above (9)." }, { "q": "Which custodians does First Citizens Asset Management, Inc use?", "a": "First Citizens Asset Management, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does First Citizens Asset Management, Inc report any disciplinary disclosures?", "a": "Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.H(2) (pending civil 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/140777" }, { "q": "What changed in First Citizens Asset Management, Inc's recent Form ADV filings?", "a": "In the June 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 109823007.0, "total_employees": 41, "filing_date": "2021-04-23" }, { "period": "2022-10-01", "regulatory_assets_under_management": 105832923.0, "total_employees": 43, "filing_date": "2022-04-05" }, { "period": "2023-10-01", "regulatory_assets_under_management": 273656161.0, "total_employees": 49, "filing_date": "2023-08-19" }, { "period": "2024-10-01", "regulatory_assets_under_management": 522986899.0, "total_employees": 52, "filing_date": "2024-09-07" }, { "period": "2025-10-01", "regulatory_assets_under_management": 167013742.0, "total_employees": 53, "filing_date": "2025-05-15" }, { "period": "2026-10-01", "regulatory_assets_under_management": 465065299.0, "total_employees": 58, "filing_date": "2026-05-27" } ], "recent_changes": [ { "period": "2026-06-01", "period_label": "June 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Added the business name First Citizens Wealth.", "Employees performing advisory functions went from 33 to 32.", "Regulatory assets under management went from $167,013,742 to $465,065,299 (+178%).", "Changed its office addresses in Charleston, SC.", "Added an office in Fayetteville, AR.", "Added an office in Raleigh, NC.", "Added an office in Thomaston, CT.", "No longer lists an office in Boston, MA.", "No longer lists an office in Irmo, SC.", "No longer lists an office in Lancaster, SC.", "No longer lists an office in Seneca, SC." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer registered or notice-filed in MA." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Pershing LLC", "name_as_filed": "PERSHING LLC", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/first-citizens-asset-management-inc-raleigh-nc-140777.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 1184, "fewer_than_5": false, "raum": 292361494.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 62, "fewer_than_5": false, "raum": 90785961.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 2, "fewer_than_5": true, "raum": 564086.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 6, "fewer_than_5": false, "raum": 77434611.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 9, "fewer_than_5": false, "raum": 3834088.0 }, { "type": "other", "label": "Other", "count": 1, "fewer_than_5": true, "raum": 85059.0 } ], "disclosure_line": "Reports 5 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140777", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }