Thursday, November 12, 2009
Citi Cuts Low Producers, Forces Others Into Teams
Bank jettisons advisors who can’t adapt to fee-based model -- As part of a massive restructuring of its investment unit, Citibank laid off 75 predominantly lower-producing advisors, mostly in New York and California, according to Citi spokesperson Alexander Samuelson. Citi had 600 advisors before the layoffs...
The bank is implementing a two-tier system, including an automated commission-based service for mass-affluent clients and a registered-investment-advisor style, fee-only service model for high-net-worth customers...
On Wall Street: Citi Cuts Low Producers, Forces Others Into Teams
The bank is implementing a two-tier system, including an automated commission-based service for mass-affluent clients and a registered-investment-advisor style, fee-only service model for high-net-worth customers...
On Wall Street: Citi Cuts Low Producers, Forces Others Into Teams
Permalink posted by markw @ 4:44 AM 
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