City National Securities, Inc. is a large advisory firm based in Los Angeles. It manages $1.09 billion of regulatory assets for 1,601 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Arizona, California, and 5 other states.
City National Securities 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 also engages as refer to an affiliated insurance agency.
The assets under management (AUM) of City National Securities, Inc. is $1.09 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 10655% since the beginning of its operation, and $3.6 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay City National Securities, Inc. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Joseph Nunnelee is individuals with 1,382 clients and $695.64 million of assets under management. Among the 6 most similar advisory firms, City National Securities has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.09 billion for 1,601 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
City National Securities doesn't advise any private funds.
The company employs 45 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 35 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Michael Joseph Nunnelee has been acting as President since 1 Jul 2001. Santiago Avila Bretado joined the executive team most recently as the Vp, Cfo.
The principal office where City National Securities, Inc. performs its advisory services is located at 555 South Flower Street, Los Angeles, CA 90071, which is also the mailing address of the firm. An additional office of the firm is in Westlake Village, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-888-6400 or by fax 310-888-6388. The normal business hours are 6:30 to 5:00 pst on Monday - Friday. You can find more information about the New York firm at cnb.com.