New Citi hire to help on internal referrals; the ‘multimillion-dollar question’ facing wealth firms; politicians spar on Social Security funding
Financial Planning
The leading resource of news, data and analysis for the wealth management industry.
WEALTH MANAGEMENT: Andy Sieg is building out the wealth management ranks at Citi with a new recruit from its rival firm Morgan Stanley.
Sieg, the head of Citi's wealth division since September 2023, announced in a memo on Tuesday that he has turned to Dawn Nordberg to oversee a new endeavor called Integrated Client Engagement. That position will have Nordberg working to help the firm's banking and wealth units refer clients to each other. She's also helping Citi decide which locations should add client-facing advisors and will work to increase investors' holdings at the firm.?
TECHNOLOGY: Is it better for a financial firm to build its own technology platform or programs, or to rely on partnerships for access to those tools??
That’s the “multimillion-dollar question” —?as John Mackowiak of Advyzon put it — facing many of today’s execs. Check out Rachel Witkowski’s report on how other firms, including Morningstar and Envestnet, are answering that top-priority question.
领英推荐
RETIREMENT: House Democrats and Republicans jousted with each other at a Social Security hearing on Tuesday, with their expert witnesses caught in the middle.
The debate took place at a meeting of the Subcommittee on Social Security, part of the House of Representatives' Committee on Ways And Means. The subject was the program's trust funds, which are projected to go insolvent by 2035 unless Congress acts to shore them up. Witnesses’ testimony was frequently drowned out by the lawmakers, whose questions repeatedly turned into speeches.
Register now for ADVISE AI, the first-ever wealth management conference focused solely on AI.
Subscribe for the latest in wealth management and financial planning news here.?