Citi to Deliver New Customized Portfolio Offering Powered by BlackRock to Citi Wealth Clients Globally
(NYSE:C) NEW YORK--(BUSINESS WIRE)--Citi Wealth today announced the selection of BlackRock to create a new portfolio offering for its clients ā Citi Portfolio Solutions powered by BlackRock. This offering will combine the strategic investment advisory and planning capabilities of the leading global bank with the investment management and technology strengths of one of the worldās preeminent asset managers. The agreement includes the appointment of BlackRock to manage approximately $80 billion in assets
Related Questions
How will the CitiāBlackRock partnership affect Citiās earnings guidance and share price outlook in the near term?
What incremental fee revenue and AUM growth can be expected from the $80āÆbillion BlackRockāmanaged portfolio, and how will that influence Citiās wealthāmanagement margins?
How does this deal compare to similar bankāassetāmanager collaborations, and could it create a competitive advantage or marketāshare shift for Citiās wealth platform?