TIAA-CREF Trust Company has selected OpenWealth, Citis wealth management solution, as its new delivery platform for its private asset management offering, extending and expanding the relationship it began in 2009 for its Portfolio Advisor business.
Citi OpenWealth is the wealth management investment services solutions provider.
“Serving our Private Asset Management clients requires a high degree of customized portfolio and tax management,” said Jason Creel, managing director of TIAA-CREF’s Managed Account group. “OpenWealth streamlines administrative tasks for our Private Asset Management investment professionals, allowing them to work more closely with our clients.”
Chandresh Iyer, global head of Wealth and Asset Manager Services, Investor Services, Citi added: “Together we have delivered a highly efficient and robust wealth management platform second to none in the industry today, which is largely attributable to TIAA-CREF’s dedication and ongoing contribution to innovation.”
(JDC)