FIRST CTZNS BANCSHS B (FCNCB) Stock News

First Citizens Wealth, the wealth management division of First Citizens Bank, released a study on affluent Americans' money management and wealth transfer readiness. Key findings reveal that 66% believe they manage money better than others, but only 50% feel prepared to transfer wealth to heirs. Affluent Americans expect to need $5.5 million for retirement and wealth transfer. Financial advisors are credited by 89% for growing wealth and reducing financial stress. However, only two-thirds have a will, and even fewer have an estate plan. The study highlights the importance of early estate planning and financial advising.