First Citizens Asset Management, Inc

Registered investment adviser · Raleigh, NC · CRD #140777

Form ADV data as of 2026-09-01

Regulatory assets

$465.1 million

Total accounts

1,274

Employees

Disclosure events

Firm details

Website: https://www.firstcitizens.com/wealth
Telephone: 800-229-0205
SEC file number: 801-79917
Most recent Form ADV filing: 2026-05-27
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 5 disclosure questions answered Yes, covering 5 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$435.1 million
Non-discretionary regulatory assets under management	$30.0 million
Total regulatory assets under management	$465.1 million
Discretionary accounts	1,272
Non-discretionary accounts	2
Total accounts	1,274
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	58
Employees performing investment advisory functions (including research)	32
Employees who are registered representatives of a broker-dealer	55
Employees registered as investment adviser representatives with a state	58
Employees registered as IARs for another investment adviser	44
Employees who are licensed insurance agents	49
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$2.9 million
Clients for whom a related person has custody	4
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under management

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)Educational seminars/workshopsOther

Other business activities

Registered representative of a broker-dealerInsurance broker or agent

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Banking or thrift institutionInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	1,184	$292.4 million
High net worth individuals	62	$90.8 million
Charitable organizations	2	$564,086
State or municipal government entities (including government pension plans)	6	$77.4 million
Corporations or other businesses not listed above	9	$3.8 million
Other	1	$85,059