{ "crd_number": 285836, "slug": "first-citizens-institutional-asset-management-llc-new-york-ny-285836", "primary_business_name": "FIRST CITIZENS INSTITUTIONAL ASSET MANAGEMENT, LLC", "legal_name": "FIRST CITIZENS INSTITUTIONAL ASSET MANAGEMENT LLC", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2017-03-20", "years_registered": 9, "period": "2026-10-01", "filing_date": "2026-03-30", "carried_forward": false, "raum_total": 829190923.0, "raum_discretionary": 0.0, "raum_non_discretionary": 829190923.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 25, "advisory_employees": 25, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 829190923.0, "count": 2 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IL", "NJ", "NY", "TX" ], "websites": [ "https://firstcitizens.com/commercial/solutions/asset-based-lending" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/285836", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/first-citizens-institutional-asset-management-llc-new-york-ny-285836", "display_name": "First Citizens Institutional Asset Management, LLC", "summary": "First Citizens Institutional Asset Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.", "citation": "AdvisorCensus. First Citizens Institutional Asset Management, LLC (CRD 285836): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is First Citizens Institutional Asset Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), First Citizens Institutional Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is First Citizens Institutional Asset Management, LLC located?", "a": "First Citizens Institutional Asset Management, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)." }, { "q": "Is First Citizens Institutional Asset Management, LLC registered with the SEC or a state?", "a": "First Citizens Institutional Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 285836." }, { "q": "How much does First Citizens Institutional Asset Management, LLC manage?", "a": "First Citizens Institutional Asset Management, LLC reports $829,190,923 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (0% discretionary)." }, { "q": "How have First Citizens Institutional Asset Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for First Citizens Institutional Asset Management, LLC: Regulatory assets under management: $426,004,000 in the October 2021 data and $829,190,923 in the October 2026 data, up 95%. Total employees: 16 in October 2021 and 25 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 Institutional Asset Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2)." }, { "q": "Does First Citizens Institutional Asset Management, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/285836" }, { "q": "What changed in First Citizens Institutional Asset Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 16 to 25. Changed its office addresses in Morris Township, NJ. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 426004000.0, "total_employees": 16, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 471721000.0, "total_employees": 22, "filing_date": "2022-04-01" }, { "period": "2023-10-01", "regulatory_assets_under_management": 880635000.0, "total_employees": 22, "filing_date": "2023-09-12" }, { "period": "2024-10-01", "regulatory_assets_under_management": 910866401.0, "total_employees": 21, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 815007328.0, "total_employees": 28, "filing_date": "2025-06-06" }, { "period": "2026-10-01", "regulatory_assets_under_management": 829190923.0, "total_employees": 25, "filing_date": "2026-03-30" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 16 to 25.", "Changed its office addresses in Morris Township, NJ.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/first-citizens-institutional-asset-management-llc-new-york-ny-285836.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 2, "fewer_than_5": false, "raum": 829190923.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "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/285836", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }