Citi Wealth Partners With Advyzon for Global UMA Launch
Citi Wealth introduced a partnership with all-in-one wealth know-how supplier Advyzon and Advyzon Investment Management to create a worldwide UMA program. The UMA might be obtainable to Citi Private Bank, Wealth at Work and Citigold non-public purchasers globally. Its preliminary rollout is scheduled for the fourth quarter of this 12 months.
The UMA will carry collectively the varied merchandise Citi Wealth provides its purchasers, together with ETFs, mutual funds, SMAs and various funding choices, together with market views offered by the Citi Wealth chief funding workplace. It will incorporate multi-currency capabilities, onshore and offshore funding buildings and Citi Wealth house workplace portfolios.
Citi Wealth may also combine the UMA with Citi Portfolio Solutions powered by BlackRockthe results of Citigroup handing over administration of $80 billion in world non-public shopper belongings to the enormous asset supervisor. The settlement, which went into impact in late 2025, seeks to make the most of BlackRock’s funding administration and know-how capabilities.
The UMA may also function a single account 360-degree view, with one shopper settlement and one payment, and enhanced shopper reporting.
Financial companies companies and supporting know-how platforms are more and more making UMAs a precedence, with a deal with incorporating various funding choices. Last week, for instance, iCapital and Envestnet expanded their partnership to include iCapital alternative investment and structured product options in Envestnet’s UMA. Some months earlier than, Vestmark combined its UMA with access to private market funds offered by CAIS.
Research agency Cerulli Associates estimates that over the 5 years ending in 2024, UMAs skilled a compounded annual progress price of 18.7%, reaching $257.7 billion in internet flows, the best stage within the managed account universe.
According to Citi Wealth executives, they selected Advyzon as a companion for their world UMA for its absolutely scalable, AI-enabled, multi-currency, multi-jurisdiction TAMP platform.
“This program, powered by Advyzon’s leading agile and artificial intelligence-powered technology, will streamline many aspects of Citi Wealth’s core advice offerings and significantly improve the overall investment experience for clients,” stated Keith Glenfield, head of funding options at Citi Wealth, in a press release.
According to a press release by Hailin LI, founder and CEO of Advyzon, “We’re proud to partner with Citi Wealth on creating one global advisory platform that unites prospecting, account opening, unified management account/household, client reporting and custodial capabilities.”
