Citizens Financial Expands Wealth Management in Florida Market

Citizens Financial Group Expands Wealth Management Services

Citizens Financial Group, Inc. (NYSE: CFG) has announced an exciting development in its wealth management division, aimed at expanding its presence and capabilities in southern Florida. The latest initiative underscores the company's commitment to tapping into growth opportunities in this vibrant market.

Introducing New Wealth Advisors

In an impressive move, Citizens Private Wealth has onboarded a team of experienced wealth advisors led by Dustin Smith and James Rubinton. Together, they bring over sixty years of combined expertise to Citizens, enhancing the firm's ability to offer tailored wealth management solutions. This new team is based in Naples and has previously managed nearly $700 million in client assets, focusing on high-net-worth and ultra-high-net-worth individuals, families, and businesses.

Client-Centric Wealth Management Solutions

At the heart of Citizens Private Wealth’s philosophy is their dedication to understanding and fulfilling the unique needs of each client. Paul Casey, Head of Wealth at Citizens, emphasized the organization’s momentum in attracting top industry talent. He noted, “Dustin and James’ dedication to their clients and shared vision for providing outstanding wealth management solutions make them an excellent addition to our organization.”

Expanding Capabilities Across Florida

The recent addition of the Naples-based wealth advisory team follows a strategic hiring initiative last fall when Citizens welcomed another wealth advisory team from Boca Raton. This deliberate growth strategy is part of an overarching plan to fortify wealth management capabilities across key markets in the U.S.

Comprehensive Financial Services

Citizens Private Wealth is dedicated to providing a wide array of services to its clients and their families, including financial planning, investment management, deposit services, lending options, estate planning, insurance, and asset protection. The integration of alternative investments, tax planning, and preparation services ensures a well-rounded financial strategy for every client.

Collaborating for Client Success

Another critical aspect of Citizens’ enhanced service offering is the partnership between the Florida-based Private Wealth teams and Citizens Private Bank. This collaboration is designed to help clients streamline their financial journeys by offering integrated wealth management and banking solutions. The Palm Beach location of Citizens Private Bank is a testament to the firm's commitment to delivering world-class service, supported by the stability of a financial institution with over 200 years of experience.

Commitment to Economic Growth in Florida

Jim Weiss, Senior Vice President and Citizens Florida President, articulated the firm’s commitment to advancing economic opportunities in Florida. With a growing number of residents relocating to the state, Citizens is making strategic investments in talent acquisition and enhancing its Commercial and Consumer operations. This approach aligns with the dynamics of Florida's thriving economy.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is recognized as one of the oldest and largest financial institutions in the United States, boasting $217.5 billion in assets as of the end of the previous year. Headquartered in Providence, Rhode Island, Citizens offers extensive retail and commercial banking products and services to a diverse clientele, including individuals, and various businesses. Through tailored advice and innovative solutions, Citizens aims to help customers achieve their financial goals.

Whether through mobile and online banking or in-person services at over 1,000 branches across 14 states and the District of Columbia, Citizens Financial Group is equipped to meet the evolving needs of its clients. Its commercial banking services include comprehensive lending solutions, treasury management services, and risk management strategies.

Frequently Asked Questions

What are the recent developments in Citizens Financial Group's wealth management services?

Citizens Financial Group has enhanced its wealth management services in Florida by onboarding a new advisory team from Naples, led by Dustin Smith and James Rubinton.

How much client assets does the new advisory team manage?

The newly added advisory team has managed nearly $700 million in client assets, focusing on high-net-worth and ultra-high-net-worth individuals.

What services does Citizens Private Wealth provide?

Citizens Private Wealth offers a wide range of services, including financial planning, investment management, estate planning, insurance, asset protection, and tax planning.

How does Citizens Private Bank support its wealth management efforts?

Citizens Private Bank collaborates closely with the wealth teams to deliver integrated banking and wealth management solutions, enhancing client service.

What is the overall mission of Citizens Financial Group?

Citizens Financial Group aims to help its customers reach their potential through tailored advice, comprehensive financial solutions, and a focus on their needs.

About The Author

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