This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

City National Rochdale Officially Launches Today

Combination of City National Asset Management and Rochdale Investment Management Completed

New Firm Further Strengthens City National's Wealth Management Capabilities

LOS ANGELES, Sept. 10, 2013 (GLOBE NEWSWIRE) -- City National Bank, a wholly owned subsidiary of City National Corporation (NYSE: CYN), today said it has launched City National Rochdale, a registered investment advisory firm that manages $20 billion, and combines City National Asset Management and Rochdale Investment Management.

"The new firm, City National Rochdale, is a much deeper and more diversified national wealth management firm with broadened capabilities for bank clients and the clients of financial advisors across the nation. City National Rochdale's disciplined research and access to a broad spectrum of asset classes and investment strategies allows us to create truly personalized portfolios," said Richard Gershen, executive vice president and head of wealth management for City National Bank.

The firm now includes:
  • A senior management team with extensive capabilities in private investment management;
  • 180 professionals across the country with headquarters in Los Angeles and New York, and offices in San Francisco, Orlando, Kansas City, Dallas, Denver, Grand Rapids, Potomac and Richmond;
  • Broadened capabilities in equity and fixed income research and a new asset allocation framework that integrates leading-edge strategies across all asset classes;
  • State-of-the-art, intelligently personalized portfolios centered on a client's personal performance benchmark;
  • A new website: .

In addition, mutual fund management has been integrated and CNI Charter Funds is now City National Rochdale Funds. More information can be found at .

City National Rochdale is led by CEO Garrett D'Alessandro and Chief Investment Officer Bruce Simon.

"We provide clients with direct access to a dedicated portfolio relationship manager," said D'Alessandro. "We also give them active portfolio management and dynamic risk management centered on client performance – capitalizing on our unique market insights and sophisticated research. As part of one of America's most admired wealth managers and the 24 th largest American bank, we can really expand delivery of our services."

City National Rochdale, which is being officially launched about a year after City National acquired Rochdale Investment Management, builds upon City National's strategy of providing investment and advisory services in three distinct client segments. City National serves ultra-high-net-worth clients primarily through Convergent Wealth Advisors. It manages institutional investments principally through Lee Munder Capital Group.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $155.00 -12.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs