Guides › Financial Advisor Fees
Updated September 23, 2026. Quick answer: Citizens Private Wealth is a registered investment adviser. Per its own current fee brochure, a $500,000 account would run $7,500 a year under its published fee schedule; the minimum to open an account is no fixed published minimum for Wrap Fee Program (standard advisory fee schedule). Already a client and thinking about leaving? Budget No stated amount from Citizens Private Wealth; about $50.00 if you are custodied at Schwab. Is it a fiduciary? Yes, as a registered investment adviser, on the advisory services this page covers.
Citizens Private Wealth at a glance
| Fact | What Citizens Private Wealth’s own pages say |
|---|---|
| Legal entity | Citizens Private Wealth, LLC (f/k/a Clarfeld Financial Advisors, LLC) |
| Registration | Citizens Private Wealth, LLC (f/k/a Clarfeld Financial Advisors, LLC) is registered with the Securities and Exchange Commission (“SEC”) as an investment adviser. |
| Fee on a $500,000 account | $7,500 a year, per its own current brochure |
| Minimum to open an account | No fixed published minimum for Wrap Fee Program (standard advisory fee schedule) |
| Cost to leave (exit fee) | No stated amount from Citizens Private Wealth; about $50.00 if you are custodied at Schwab |
What Citizens Private Wealth’s own fee schedule charges
“CPW’s standard advisory fee schedule is set out below: Market Value of Portfolio Annual Fee – First $2,000,000 1.50%; Next $3,000,000 1.25%; Next $5,000,000 1.00%; Next $15,000,000 0.85%; Next $25,000,000 0.70%; Assets in excess of $50,000,000 0.55%.”
This is a marginal (tax-bracket-style) schedule computed from $0: the first $2,000,000 of any portfolio is charged 1.50%, with lower marginal rates applying only to the portion of assets above $2,000,000. All four requested balances ($250,000/$500,000/$1,000,000/$2,000,000) fall within or at the top of the first $2,000,000 bracket, so dollar_at = balance x 0.015 for each; no blending across brackets is needed since none of the four balances exceeds $2,000,000. No minimum dollar fee or minimum account size is disclosed (Item 7 states CPW imposes no minimum account size and no minimum invested amount).
| Account balance | Annual fee |
|---|---|
| $250,000 | $3,750 |
| $500,000 | $7,500 |
| $1,000,000 | $15,000 |
| $2,000,000 | $30,000 |
See the full breakdown, including how the figure is calculated, on Citizens Private Wealth’s own fee page.
Is Citizens Private Wealth a fiduciary?
Citizens Private Wealth, LLC (f/k/a Clarfeld Financial Advisors, LLC) is registered with the Securities and Exchange Commission (“SEC”) as an investment adviser.
“When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
Some of our financial professionals are compensated on a salary basis, whereas others receive a percentage of the Advisory Fees you pay us. Certain of our financial professionals, depending upon their individual professional ability, receive a performance bonus at year end.
Full detail, including the exact registration type and source: Citizens Private Wealth’s fiduciary status, explained.
The minimum to open an account
“As noted in Item 4 (Services, Fees, and Compensation), we do not impose any minimum account size as a condition for starting or maintaining an advisory relationship. Similarly, we do not impose any minimum amount for assets invested in the Wrap Fee Program.”
No fixed published minimum for Wrap Fee Program (standard advisory fee schedule). See the full minimum-investment breakdown, including what that minimum would cost per year, on Citizens Private Wealth’s minimum investment page.
What it costs to leave
Citizens Private Wealth (formerly Clarfeld Financial Advisors) charges nothing extra to end the relationship and refunds any prepaid, unearned fee pro rata; its own brochure names a Transfer of Assets fee without stating a dollar amount. If you are custodied at Charles Schwab, budget $50.00 per account for a full outgoing transfer.
Full mechanics, sources, and the ACATS transfer process: how to leave Citizens Private Wealth.
What we would compare it against
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- Citizens Private Wealth, LLC (f/k/a Clarfeld Financial Advisors, LLC) Wrap Fee Program Brochure, Form ADV Part 2A Appendix 1 (July 6, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051015
- Form CRS: Client Relationship Summary: Citizens Private Wealth (March 31, 2026): https://reports.adviserinfo.sec.gov/crs/crs_106743.pdf
- SEC Investment Adviser Public Disclosure, Citizens Private Wealth, LLC (CRD #106743): https://adviserinfo.sec.gov/firm/summary/106743
- Citizens Private Wealth, LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/106743/PDF/106743.pdf
Methodology. This page was built September 23, 2026, drawing directly on Citizens Private Wealth’s own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary, minimum-investment, and (where one exists) how-to-leave pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Citizens Private Wealth’s own Form ADV Part 2A and Form CRS. We have not used Citizens Private Wealth as a client. Citizens Private Wealth did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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