Citizens Investment Advisors (Providence)

Citizens Investment Advisors is an investment adviser to an investment company based in Providence. It manages $216.87 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2001.

Citizens Investment Advisors provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Citizens Investment Advisors: assets under management

The assets under management (AUM) of Citizens Investment Advisors is $216.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 197% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $216.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $216.87 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Citizens Investment Advisors for their services and products based on a percentage of assets under management. 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.

What kind of clients Citizens Investment Advisors serves?

The only and largest group of clients of Citizens Investment Advisors is investment companies with 1 clients and $216.87 million of assets under management. Among the 3 most similar advisory firms, Citizens Investment Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $216.87 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Citizens Investment Advisors doesn't advise any private funds.

Careers at Citizens Investment Advisors

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Citizens Financial Group	Owner of citizens bank of r.i.	1 Nov 1984	75% - 100%	05-0412693
Jeffrey Kenney Hanna	Portfolio manager	1 Apr 2001	Other	4393497
Salvatore Carmine Disanto	Portfolio manager	1 Apr 2001	Other	4393495
Deborah Janet Foresteire	Compliance	1 Apr 2001	Other	4393500
Bradford Burnett Kopp	Group executive vice president	1 Apr 2001	Other	860833
Citizens Bank Of Rhode Island	Cia parent	1 Apr 2001	Other	05-0120600
Deborah Janet Rider	Compliance	1 Apr 2001	Other	4393500
Inc. Citizens Financial Group	Citizens bank, n.a.	1 May 2005	75% - 100%	05-0412693
N.A. Rbs Citizens	Cia parent	1 Sep 2007	75% - 100%	20-2635739
Inc. Citizens Financial Group	Owner of rbs citizens, n.a.	1 Sep 2007	75% - 100%	05-0412693
Kent Wood Gladding	Senior vice president	1 Sep 2007	Other	2924444
Daniel Laplante	Chief investment officer, senior vice president	1 Jan 2010	Other	1899492
Kevin Lindsey Fein	Senior vice president/chief compliance officer	1 Apr 2011	Other	1702993
Gregory John Suchy	Senior vice president	1 Apr 2011	Other	5907019
Edward Patrick Cahillane	Senior vice president / interim chief compliance officer	1 Dec 2011	Other	3100375
Diane Patricia Novak	Senior vice president, chief compliance officer	1 Jun 2013	Other	1857183
Royal Bank Of Scotland Group Plc	Indirect owner of citizens bank, n.a.	1 Sep 2014	25% - 50%	20-2635739
N.A. Citizens Bank	Parent of cia	1 Mar 2015	50% - 75%	05-0412693
Jason Cleveland Bugg	Interim chief compliance officer	1 Sep 2015	Other	4381290
Kevin Lindsey Fein	Chief compliance officer	1 Jan 2016	Other	1702993
David Howard Shore	Chief compliance officer	1 Aug 2018	Other	2106767

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Royal Bank Of Scotland Group Plc	Shareholder	1 Apr 1969	25% - 50%	foreign
Royal Bank Of Scotland Group	Shareholder	1 Sep 1998	75% - 100%	foreign entity
Rbsg International Holdings Ltd	Shareholder	1 May 1999	25% - 50%	foreign
Royal Bank Of Scotland Group Plc	Sole shareholder	1 May 1999	75% - 100%	13-1898944
Her Majesty's Treasury	Shareholder	1 Dec 2008	25% - 50%	foreign
Inc. Citizens Financial Group	Direct shareholder	1 Mar 2015	50% - 75%	05-0412693

Based in Providence

The principal office where Citizens Investment Advisors performs its advisory services is located at Citizens Bank, Providence, RI 02903 The mailing address of the firm is Mail Stop Rc 03 30, Providence, RI 02903. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-282-1202 or by fax 401-455-5310. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday.