Citi nabs Merrill Lynch exec as it ramps up wealth management business - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Citi just hired a Merrill exec to ramp up its wealth business as it joins JPMorgan and Goldman Sachs in going downmarket to pursue Main Street investors

are increasingly going after with growing wealth services, too: the so-called mass-affluent client set, loosely defined in the industry as a household with less than $1 million in investments assets, but with at least somewhere in the neighborhood of $100,000. Citi is planning to accelerate financial adviser hiring and expand its Citigold Private Client segment, Chubak said in a statement to Business Insider.

In public filings, Citi does not break out assets under management for its wealth businesses with the same level of detail of larger wealth managers. Its North American consumer bank oversaw $69 billion in investment assets under management as of the second quarter. A Bank of America spokesperson said other business leaders at the firm have assumed Poole's responsibilities, though declined to specify which leaders. Citi executives have signaled that wealth management is a key part of growing its reach to retail customers.

It built out a separate digital financial planning tool for Citigold clients in March 2019, called Citi Wealth Advisor, which also gives them access to a dedicated team of advisers, and announced that clients would get commission-free trading on ETFs and new-issue US Treasury purchases.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is some predicted stock pricing for OpenLearning=ASX$OLL

Motley fool article on OpenLearning=ASX$OLL🚀

Look at the current chart's for OpenLearning=ASX$OLL 🤔OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Planet Money's Adam Davidson: 'passion economy' business is the future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If you want to take your website to the first page of Google contact now
Source: BusinessInsider - 🏆 729. / 51 Read more »

It's official: Trump's trade war with China is now an unmitigated, farcical disaster - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. lopezlinette This column sounds a joke. lopezlinette Blah blah blah more anti Trump media for clicks damn I expect more than that from a business journal lopezlinette Some one in office should have broke the unfair trade agreement with China years ago to protect the US tech companies and many other industries China has taken advantage of. Business Insider does not know a thing a bout true business strategies or what is good for the US.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Millennials see investing and paying debt as 'either/or' but it's not - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dishoom's cofounder Shamil Thakrar: Four lessons to business success - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Spotify battles with staff over transphobic claims about Joe Rogan podcast: Report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They really hated the presidential debate thing. Progressives are poison. Why did Spotify make this deal with Rogan in the first place? Rogan is the draw, Spotify is a commodity as the platform. Go elsewhere Joe. What a bunch of snowflakes
Source: BusinessInsider - 🏆 729. / 51 Read more »

CEO of fast-growing mobile firm Realme explains keys to success - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is some predicted stock pricing for OpenLearning=ASX$OLL Motley fool article on OpenLearning=ASX$OLL🚀 Look at the current chart's for OpenLearning=ASX$OLL 🤔OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀
Source: BusinessInsider - 🏆 729. / 51 Read more »