Citi Wealth Advisors has expanded the wealth management platform available to its clients, to include discretionary managed products with the introduction of Citi Investment Solutions-Managed. The product is underpinned by a separately managed accounts platform offered through BlackRock Investment Management (Australia) Limited and portfolio reporting technology pioneered by Praemium Limited.
“Our commitment is to offer the ‘best of breed’ products and services which cater for the diverse needs of our clients,” says Jim Carideo, the head of Citi Wealth Advisors in Australia. “The partnership with BlackRock and Praemium will support us in meeting that commitment.”
“We are pleased that our V-Wrap technology underpins and compliments the BlackRock separately managed account offering,” adds Arthur Naoumidis, the Praemium managing director. “To deliver it to Citi in conjunction with BlackRock, two of the largest providers of separately managed accounts in the world, is a very proud occasion for us.”