City National Securities, Inc. (Los Angeles)

Name: City National Securities, Inc.
Address: 555 South Flower Street, Los Angeles, CA, 90071
Telephone: 310-888-6400

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.

City National Securities: assets under management

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 firm manages $1.09 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $682.73 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 16% of the total invested assets.

Fees & Commissions

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.

What kind of clients Michael Joseph Nunnelee serves?

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.

Careers at City National Securities, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
City National Bank	Sole shareholder	1 Nov 1999	75% - 100%	95-1780067
Vernon Clark Kozlen	Chairman	1 Nov 1999	Other	4085477
Jon Eric Haugen	Cco / crop / srop	1 Dec 1999	Other	1516299
Michael Joseph Nunnelee	President/chairman	1 Jul 2001	Other	1712245
Michele Carole Maslow	Cfo/finop/director	1 Oct 2001	Other	4123493
John Iii Balasz	Sr. vice president	1 Dec 2002	Other	3238870
Shelley B. Thompson	Director	1 Apr 2003	Other	4664450
Richard Alan Weiss	Director	1 Apr 2003	Other	1543644
Mark Preston Mooney	Vp chief compliance officer	1 Feb 2005	Other	1055966
Antony Mark Orme	Senior vice president	1 Mar 2005	Other	2779741
Brian Christopher Donovan	Chief compliance officer/aml officer	1 Oct 2005	Other	1406738
Richard Alan Weiss	Chairman	1 Apr 2008	Other	1543644
Gregory Paul Francoeur	Director	1 Jun 2010	Other	2635132
William Jay Freeman	Director	1 Jun 2010	Other	4650630
Scott Nathan Brody	Chief compliance officer/aml officer	1 Aug 2012	Other	2890610
Hua Son	Cfo	1 Apr 2015	Other	4616153
David Matthew Terrell	Sr. vice president	1 Mar 2017	Other	2664827
Julianne Marie Fries	Svp, chief risk officer, wealth maangement	1 Sep 2018	Other	1713102
Santiago Avila Bretado	Vp, cfo	1 Feb 2019	Other	1945627

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
City National Corporation	Shareholder	1 Jan 1969	75% - 100%	95-2568550
Rbc Usa Holdco Corporation	Owner	1 Nov 2015	75% - 100%	20-0563684
Royal Bank Of Canada	Ultimate owner	1 Nov 2015	75% - 100%	13-5357855
Royal Bank Of Canada	Ultimate owner	1 Jun 2018	75% - 100%	13-5357855
Llc Rbc Us Group Holdings	Direct owner	1 Jun 2018	75% - 100%	36-4903725

Based in Los Angeles

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.