Citigroup Inc. said Monday it is switching to a fee-based model in its retail investment business, eliminating commissions for its 600 in-house financial advisers by the end of next year.The shift is an effort to provide clients with more transparency, Deborah McWhinney, head of Citi Personal Banking and Wealth Management, said in an interview.
Posts Tagged ‘National Investor’
Citi Wealth Management shifts to fee-based model
October 6th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Citigroup, Citigroup Inc, Credit Crisis, Deborah Mcwhinney, Financial Advisers, Investment Business, Investor Center, Joint Venture, Management Unit, Morgan Stanley, National Investor, Personal Banking, Registered Investment Advisers, Retail Brokerage, Retail Investment, Services Clients, Smith Barney, Stanley Smith, Vikram Pandit, Wealth Management 
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