Citi Announces Citi Wealth Builder Digital Investment Platform
January 30 2020 - 09:00AM
Business Wire
Initial investment as low as $1,500 and no
advisory fees for Citi Priority and Citigold Clients
Citi today is introducing Citi Wealth Builder, an easy-to-use,
low-cost digital investing platform with professionally managed
portfolios that, in a matter of minutes, helps new and existing
customers get on track and stay on track to meet their retirement
goals.
Citi customers can start using the new digital platform with a
low initial investment of $1,500 and no advisory fees for Citi
Priority and Citigold clients on their initial portfolio1.
Additional accounts have a low advisory fee of 0.55%.
“Citi Wealth Builder makes it easy for clients to start
investing so they can reach the next level of their financial
journey,” said John Cummings, Head of Citi U.S. Consumer Wealth
Management. “It’s part of Citi’s holistic approach to banking
and wealth management. In just a few minutes, customers can start
building a solid foundation for years to come.”
Citi Wealth Builder quickly matches customers to one of six
portfolios based on their responses to questions ranging from their
level of comfort with market volatility to their retirement goals
and how much they’ve saved to date. Customers can adjust their
investment levels with a real-time view of how those changes may
affect their goals.
Once the account is open, Citi Wealth Builder takes it from
there, monitoring and automatically rebalancing diversified ETF
portfolios designed and managed by investment experts. Customers
may follow their accounts online or in the Citi Mobile App, with
live support available 24/7.
The new digital advisory tool is powered by Jemstep, a
subsidiary of Invesco.
“Jemstep is proud to partner with Citi to provide personalized,
goal-based wealth advice to their clients,” said Simon Roy,
President and CEO of Jemstep. “We have worked closely with Citi
to configure the Jemstep digital advice platform to provide a
compelling client experience that supports Citi’s unique value
proposition, omni-channel delivery capabilities and robust
operational and compliance requirements.”
The launch of Citi Wealth Builder follows a number of enhanced
client offerings, including commission-free trading for ETFs and
new-issue U.S. Treasury purchases for Citigold clients, as well as
the introduction of Citi Wealth Advisor, a financial plan that
provides Citigold clients with a dedicated relationship team to
create personalized financial roadmaps designed to grow their
wealth.
Existing Citibank customers already enjoy access to the
country’s largest fee-free ATM network with more than 66,000
locations nationwide that may be found in the Citi ATM Locator in
the Citi Mobile® app or using the Citibank Online ATM/Branch
Locator.
To open an account or find more information, please visit the
Citi Wealth Builder website.
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
As a Citigold client, you can receive banking and lending
services, including The Citigold Account Package, from Citibank,
N.A. (“Citibank”), Member FDIC and Equal Housing Lender NMLS#
412915, along with financial planning and investment products as a
client of Citi Personal Wealth Management, a business of Citigroup
Inc., that offers investment guidance, products, and services
through Citigroup Global Markets Inc. (”CGMI”), member SIPC.
Citigroup Life Agency LLC (“CLA”) offers insurance products. In
California, CLA does business as Citigroup Life Insurance Agency,
LLC (license number 0G56746). Citigold Relationship Managers are
employees of Citibank and are employees and registered
representatives of CGMI. Citibank, CGMI, and CLA are affiliated
companies under the common control of Citigroup.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
____________________________
1 Citi Wealth Builder is an offering from Citigroup Global
Markets Inc. to its Citi Personal Wealth Management clients.
Underlying ETF management fees range from 0.18-0.24%.
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version on businesswire.com: https://www.businesswire.com/news/home/20200130005490/en/
Media: Drew Benson drew.benson@citi.com (212)
559-0475
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