DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Citizens Investment Advisors

Former SEC-registered adviserJohnston, Rhode IslandCRD 112738SEC 801-60253IAPD
Latest filing Mar 15, 2024
First filing on the tape Apr 3, 2012 · 32 filings
SEC status approved since May 30, 2001
RAUM
n/a
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
0
0 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$234M as of Mar 31, 2021
Apr 3, 2012$250M then
HNW client RAUM$0 as of Mar 15, 2024
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 15, 2024
Apr 3, 20120 then
Employees (5.A)0 as of Mar 15, 2024
Apr 1, 20134 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 15, 2024; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
unknownderivedRAUM over accounts (5.F.2.f)
Discretionary
unknownderivedof RAUM
Institutional
unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
n/areported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Howard David Shore · Chief Compliance Officercontrol
        since 08/2018 · owns less than 5%
      Entity owners
      • Citizens Financial Group, Inc. · Citizens Bank, N.A.
        direct · owns 75% or more · public reporting company
      Related persons
      Schedule D 7.A
      Advisers that list Citizens Investment Advisors as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 1.0 to unset
        Mar 31, 2021 to Mar 31, 2022
      • Advisory employees · 2 to 0
        Mar 31, 2021 to Mar 31, 2022
      • BD registered reps · 1 to 0
        Mar 31, 2021 to Mar 31, 2022
      • Employees · 5 to 0
        Mar 31, 2021 to Mar 31, 2022
      • Insurance-licensed employees · 1 to 0
        Mar 31, 2021 to Mar 31, 2022
      • HQ city · PROVIDENCE to JOHNSTON
        Mar 31, 2021 to Mar 31, 2022
      • State-registered IARs · 1 to 0
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · 234455474.0 to unset
        Mar 31, 2021 to Mar 31, 2022
      • Non-discretionary RAUM · 0.0 to unset
        Mar 31, 2021 to Mar 31, 2022
      • RAUM · 234455474.0 to unset
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · $241M to $234M
        Apr 17, 2020 to Mar 31, 2021
      • RAUM · $241M to $234M
        Apr 17, 2020 to Mar 31, 2021
      • Insurance-licensed employees · 0 to 1
        Mar 29, 2019 to Mar 30, 2020
      • Discretionary RAUM · $217M to $241M
        Mar 29, 2019 to Mar 30, 2020
      • RAUM · $217M to $241M
        Mar 29, 2019 to Mar 30, 2020
      • Discretionary RAUM · $238M to $217M
        Feb 1, 2019 to Mar 29, 2019
      • RAUM · $238M to $217M
        Feb 1, 2019 to Mar 29, 2019
      • Charity clients · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Corporate clients · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • HNW clients · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Individual clients · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Pension plan clients · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Employees · 4 to 5
        Aug 29, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Discretionary RAUM · $248M to $238M
        Aug 29, 2017 to Mar 30, 2018
      • HNW RAUM · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Individual RAUM · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Pension RAUM · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 0.0
        Aug 29, 2017 to Mar 30, 2018
      • RAUM · $248M to $238M
        Aug 29, 2017 to Mar 30, 2018
      • BD registered reps · 0 to 1
        Apr 6, 2016 to Mar 29, 2017
      • State-registered IARs · 0 to 1
        Apr 6, 2016 to Mar 29, 2017
      • Discretionary RAUM · $241M to $248M
        Apr 6, 2016 to Mar 29, 2017
      • RAUM · $241M to $248M
        Apr 6, 2016 to Mar 29, 2017
      • Discretionary RAUM · $233M to $241M
        Mar 9, 2016 to Apr 6, 2016
      • RAUM · $233M to $241M
        Mar 9, 2016 to Apr 6, 2016
      • Discretionary RAUM · $0 to $233M
        Mar 31, 2014 to Mar 31, 2015
      • Non-discretionary RAUM · $219M to $0
        Mar 31, 2014 to Mar 31, 2015
      • RAUM · $219M to $233M
        Mar 31, 2014 to Mar 31, 2015
      Signals
      5 dated events
      • Citizens Investment Advisors no longer on the SEC adviser roster (last listed 2025-03-06)
        May 2, 2025 · Left the SEC roster · derived
      • Kenney Jeffrey Hanna (Portfolio Manager) no longer on Schedule A of Citizens Investment Advisors (listed 2021-03-31, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • D Michael Hans (Chief Investment Officer, Senior Vice President) no longer on Schedule A of Citizens Investment Advisors (listed 2021-03-31, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Daniel Laplante (Chief Investment Officer, Senior Vice President) no longer on Schedule A of Citizens Investment Advisors (listed 2020-03-30, absent 2020-04-17)
        Apr 17, 2020 · Control person left · inference
      • D Michael Hans (Chief Investment Officer, Senior Vice President) appeared on Schedule A of Citizens Investment Advisors
        Apr 17, 2020 · Control person joined · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026