The firm had to pay a monetary fine, disgorgement and prejudgment interest that totaled $30,361,804. The other relates to the firm directly and alleged that the firm did not adequately disclose certain investment choices that were required. Here's an overview of its various fees: Investment Management FeesĬity National Rochdale has two disclosures listed on its Form ADV. One disclosure is related to an event involving the firm’s owner, the Royal Bank of Canada. Fees Under City National RochdaleĬity National Rochdale charges advisory fees according to several different annual fee schedules, which apply based on which service you choose. The firm also has many investment strategies that are more specific, ranging from large-cap equities to short and intermediate fixed-income. Within the firm’s Galaxy strategy, advisors will perform a Monte Carlo analysis that allows for the simulation of thousands of different asset allocations so advisors can pick the one with the highest probability of success. City National Rochdale Investment PhilosophyĬity National Rochdale chooses from a wide range of different investment strategies to find the proper asset allocation for each client’s risk tolerance, time horizon and financial goals. This service bundles investment management, brokerage and custodial services into a single, percentage-based fee. The firm offers interests in these funds, as well as closed-end and private funds that it manages.Īdditionally, the firm provides access to a wrap fee program. This offering can include, but isn’t limited to:Ĭity National Rochdale also provides investment management services to the City National Rochdale Funds, a collection of a few affiliated mutual funds. Services Offered by City National RochdaleĬity National Rochdale’s flagship offering is money management services, which it provides both to clients and to City National Bank (CNB) as a sub-advisor. However, the firm may decide to lower or waive this minimum at its discretion. The firm’s remaining clients include non-high-net-worth individuals, pension plans, investment companies, charitable organizations and government entities.įor the most part, City National Rochdale works with clients who typically have a minimum account size between $1,000,000 - $2,000,000, depending on the service being received.
Three-quarters of its client base is made up of high-net-worth individuals and businesses. In fact, according to the firm's website, more than 80% of its advisors are CFAs.Ĭity National Rochdale Client Types and Minimum Account SizesĬity National Rochdale works with more than 16,000 clients.
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Many of these advisors have earned professional certifications such as chartered financial analyst (CFA), certified financial planner (CFP), accredited investment fiduciary (AIF) and chartered alternative investment analyst (CAIA). D’Alessandro, and it employs a massive team of advisors. RBC USA Holdco is, in turn, under the ownership of the Royal Bank of Canada. The firm is a subsidiary of City National Bank (CNB), which is a wholly owned subsidiary of RBC USA Holdco Corporation, a financial services holding company. City National Rochdale BackgroundĬity National Rochdale first opened for business in 1986. It is also a fee-based firm, meaning it has streams of compensation outside of just client-paid fees. The firm was named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers (RIA).Ĭity National Rochdale was founded in 1986, and it offers portfolio management services. Individuals both with and without a high net worth, pension plans, businesses and more make up its massive client base. It’s quite a large firm, boasting thousands of clients and billions in assets under management (AUM). You can find City National Rochdale, an investment advisor firm, in New York City.
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