Friday, April 17, 2009
Citi Global Wealth Suffers Exodus of Assets and Advisors
Citigroup’s global wealth management division suffered a $40 billion net outflow of client assets in the first quarter of 2009. The division also had a net loss of 2582 financial advisors over the past year.
The unit posted a 30% drop in total client assets to $894 billion in the quarter, compared to a year earlier. Its revenues declined 20% year-on-year to $2.6 billion...
Financial Planning: Citi Global Wealth Suffers Exodus of Assets and Advisors
The unit posted a 30% drop in total client assets to $894 billion in the quarter, compared to a year earlier. Its revenues declined 20% year-on-year to $2.6 billion...
Financial Planning: Citi Global Wealth Suffers Exodus of Assets and Advisors
Permalink posted by markw @ 12:09 PM 
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