Whether you are interested in starting an investment portfolio or planning your retirement, a wealth management bank can help you manage your financial life. You can choose from a wide variety of services, including investment planning and brokerage, tax planning, and estate planning. Some of the banks that offer these services include Citigold, Natixis Wealth Management, SoFi Invest, and Bank of the West.
SoFi Invest
Founded in 2011, SoFi is a full-service financial company that offers a wide variety of financial products and services. They offer loans, mortgages, and student loan refinancing, as well as brokerage and insurance services. The company recently introduced a new product, SoFi Wealth, that will allow members to create low-cost tax-efficient investment portfolios.
SoFi Invest offers investors the ability to invest in stocks, ETFs, and IPOs. They also offer a low-cost investing platform that has a hands-off approach. They don’t charge management fees or commissions on trades. However, they may charge exchange fees, and the fund management fees may vary.
SoFi Invest offers a variety of features, such as one-time or recurring deposits, and a wide variety of accounts. You can also use the SoFi Relay feature to link your financial accounts and provide a 3600-degree financial view. This will allow you to have financial recommendations based on your financial picture.
Natixis Wealth Management
Founded as the successor to Banque Privee 1818 – SA, Natixis Wealth Management Bank (NPM) is the bank’s wealth management arm. Natixis Wealth Management is part of Groupe BPCE, the second-largest bank in France. Natixis offers a full suite of financial services, including investment banking, private banking, capital markets, trade finance, liquidity management and insurance.
The company specializes in providing financial services to corporations and financial sponsors. Its two subsidiaries, Natixis Wealth Management (NPM) and Natixis Asset Management (NAM), offer a full range of financial services and products to private and institutional clients. The company also provides services to family offices. Natixis has a strong presence in France and Luxembourg. Its market share is a modest 0.02% in the former and 0.4% in the latter.
Bank of the West Wealth Management
Founded in 1874, Bank of the West is a large regional financial services company with a footprint that spans 19 states. It serves clients with specialized offerings in personal and business banking, trust and estate services, and investment management. The company is part of BNP Paribas, the French-based global bank.
Bank of the West has been recognized for its innovative solutions for high net-worth individuals. The bank received the Private Asset Management (PAM) Innovation Award in 2017. The award recognizes firms that provide solutions for high net-worth individuals in a complex environment. The Bank of the West’s Wealth Management Group has won this award three years in a row.
In addition to being the best private bank in the western U.S., Bank of the West was also awarded the Best Commercial Bank and Best Private Bank by World Finance Magazine.
Clarfeld Citizens Private Wealth
Founded 37 years ago, Clarfeld Financial Advisors is one of the nation’s leading wealth management firms. With offices in New England, Delaware, Florida, and Pennsylvania, the firm provides wealth management services to high net worth individuals and institutions.
In January 2019, Clarfeld Financial Advisors joined Citizens Bank. The wealth management unit will become part of Citizens Private Wealth Management. The deal is expected to close early next year. Citizens has over 6,000 ultra-high net worth customers, who have investable assets of at least $30 million.
The deal is intended to strengthen the Citizens Financial Group’s wealth management division. Citizens offers a full suite of family office services, including wealth management, estate planning, and tax planning. Its advisers specialize in affluent families, as well as high net worth investors.
Citigold
Despite its name, the Citigold wealth management bank is actually part of Citigroup. The division offers financial advisory services to banking clients. This is a publicly traded company. It employs over 8,100 people and is a part of the Citi Group.
The company also operates Citi Investment Management, a wholly owned unit that manages over $181bn in US client assets. The company also offers a broad range of financial products. The aforementioned three investment programs make up the bulk of the company’s offering.
The Citigold most certainly isn’t the only sexiest bank in the tri-state area. In fact, Citigroup saw a 25 per cent increase in credit card spending year-on-year in the third quarter. The company also announced a reorganization in 2021.