Citizens bank brokerage account
Citizens Bank has launched a digital investment advice platform, beating many rival banks with plans to do the same. The new robo offering will allow the Providence, Rhode Island-based regional bank to attract citizens bank brokerage account expand business with mass-affluent and affluent customers, two key target markets, while also satisfying the appetite for digital advice among its wealthier clientele, said John Bahnkenpresident of Citizens Bank Wealth Management.
It has been rolled out to roughly half of the 2. Citizens joins a growing number of banks that have either unveiled robo platforms or announced plans — or hinted at plans — to do so. Capital Onefor example, introduced a digital offering last year. Wells Fargo is wrapping up internal testing in preparation for a national roll-out of its digital investment offering this fall, while Citizens bank brokerage account.
Morgan Chase is developing capabilities that it plans to launch later this year. Bank is on schedule to introduce its platform in the "fall time frame," it says. The platform provides access to financial advisors and lends additional support by phone, chat or email. The advisors are available during the account-opening process and whenever customers citizens bank brokerage account questions. All advisors are fully licensed, Bahnken said.
The digital service recommends investment portfolios for customers based citizens bank brokerage account their goals and monitors and rebalances them regularly. It also gives customers the ability to set up automated recurring contributions to their SpeciFi account from their Citizens Bank deposit accounts.
The bank plugs the platform's investment guidance tool, which allows customers to compare their existing investment accounts with the SpeciFi portfolio recommendation, an exercise that often highlights potential red flags, according to Bahnken.
The comparison and one-page summary of red flags the tool generates have prompted many potential SpeciFi customers to schedule free one-on-one consultations with financial advisors. Customers pay an annual asset-management fee of 50 basis points, less than half the fee for a traditionally managed citizens bank brokerage account with a dedicated financial advisor. Those who open an account prior to the end of the year will be able to use the service for 90 days for free.
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The fully digital investment advisor service, offered by Citizens Investment Services citizens bank brokerage account its sub-advisor, SigFig Wealth Management, LLC, provides customized investment guidance and portfolio management. Citizens is the first large regional bank to offer a fully integrated digital banking and wealth advisory offering.
To learn more about Citizens Bank, visit the Citizens Bank website. Citizens Financial Group, Inc. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions.
Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest rate hedging, and asset finance.
More information citizens bank brokerage account available at www. Financial advisors are employees of SigFig. Lauren DiGeronimo, lauren. September 06, Integrated banking and investing. SpeciFi is integrated with Citizens Bank Online to enable customers to monitor and manage their bank and investment accounts, and view investments held at other institutions that they choose to link— through a single platform. Personalized service with recurring contributions and regular rebalancing.
The intelligent, simple-to-use platform offers functionality that allows customers to set up automated recurring contributions to their SpeciFi investment account from their Citizens Bank deposit accounts. Help from experienced financial advisors. Experienced financial advisors are available for one-on-one consultations, and a dedicated support team is available by phone, chat citizens bank brokerage account email. Low initial investment and fees. About Citizens Financial Group, Citizens bank brokerage account.
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