First Citizens Investor Services, Inc. is a large advisory firm based in Raleigh. It manages $789.74 million of regulatory assets for 3,330 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 14 other states.
First Citizens Investor Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of First Citizens Investor Services, Inc. is $789.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1050% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay First Citizens Investor Services, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Edward Lee Iv Willingham is individuals with 3,150 clients and $619.54 million of assets under management. Among the 9 most similar advisory firms, First Citizens Investor Services has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $789.74 million for 3,330 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
First Citizens Investor Services doesn't advise any private funds.
The company employs 177 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 167 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Edward Lee Iv Willingham has been acting as President since 1 May 2009. Robert Edward Jr Spires joined the executive team most recently as the Director, Interim Chief Compliance Officer.
The principal office where First Citizens Investor Services, Inc. performs its advisory services is located at 100 E Tryon Road, Raleigh, NC 27603 The mailing address of the firm is Po Box 27131, Raleigh, NC 27611. An additional office of the firm is in Myrtle Beach, SC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 800-229-0205 or by fax 919-716-2230. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at firstcitizens.com/.