NEW YORK – City National Bank, America’s Premier Private and Business Bank®, announced today that City National Rochdale (CNR), its investment management subsidiary, has been named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers. The list honors top independent RIA firms from across the country.
“Recognition in the FT 300 is testament to City National Rochdale’s personalized process and strong client dedication,” said Garrett D’Alessandro, chief executive officer of CNR and head of wealth management and private banking at City National Bank. “We’ve grown our investment capabilities and personnel to better serve our clients and advisors, and we’re happy to see the positive feedback reflected in this recognition.”
This is the seventh annual FT 300 list, produced independently by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times. Ignites Research provides business intelligence on investment management.
Firms were graded on six factors: assets under management (AUM); AUM growth rate; years in existence; advanced industry credentials of the firm’s advisers; online accessibility; and compliance records. There are no fees or other considerations required of RIAs that apply for the FT 300.
D’Alessandro joined City National as CEO of City National Rochdale in 2012 when the bank acquired the firm’s predecessor, Rochdale Investment Management, which D’Alessandro had led since 1986. He was promoted to head City National’s wealth management and private banking business in April this year.
For an image of D’Alessandro, go to: https://www.cnb.com/content/dam/media_newsroom/images/GRD.png
About City National Rochdale
For more than 30 years, City National Rochdale has specialized in intelligently personalized portfolio management for high-net worth individuals, families and institutions, and provides clients with service that relates all investment decisions to each client’s personal benchmark. City National Rochdale, headquartered in Beverly Hills and New York City with offices around the country, currently manages $42.4 billion in assets as of April 30, 2020, and is a wholly owned subsidiary of City National Bank.
For more information, visit www.cnr.com.