Citizens Bank Wealth Management today announced the expanded availability of its STAR Portfolios, which have been exclusive to Citizens Bank Private Wealth Management clients for more than a decade. The portfolios are now part of the wide range of investments available to all investors served through Citizens Investment Services, and are designed to provide access to a broad array of managers and blend of management styles.
The Strategic and Tactical Allocation Risk (STAR) portfolios are managed by the Citizens Bank Wealth Management Investment Strategy team, which is independent of Citizens Investment Services.
“Helping clients reach their long-term financial goals is always our priority,” said Larry Seidl, Head of Product for Citizens Investment Services. “Adding these portfolios to the range of investments available to our clients helps us to meet their diverse needs.”
Citizens STAR PortfoliosTM are globally allocated diversified portfolios designed around seven core strategic risk profiles, with tactical positioning for overall long-term risk and return optimization. A proprietary investment management process, using open architecture and a wide array of managers, seeks to create cost effective portfolios that have historically generated favorable risk adjusted returns for investors.
“Citizens STAR Portfolios bring together our best thinking about global asset allocation, securities selection and portfolio construction seeking to optimize risk and return,” said Dan LaPlante, CFA, Chief Investment Officer of Citizens Bank Private Wealth Management. “Creating a range of investment models that align to seven risk profiles helps us to deliver a consistent offering while allowing investors to select a portfolio that is right for their financial plan.”
For additional information about Citizens Investment Services and Citizens Bank Wealth Management, please visit www.citizensbank.com/wealth-management/whycitizens.aspx.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $153.5 billion in assets as of March 31, 2018. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. 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. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,150 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. 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 products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
Member FDIC. Citizens Bank is a brand name of Citizens Bank, N.A. (NMLS ID# 433960) and Citizens Bank of Pennsylvania (NMLS ID# 522615). Equal Housing Lender.
Securities, Insurance and Investment Advisory Services offered through Citizens Securities, Inc. (“CSI”), also referred to as Citizens Investment Services. CSI is an SEC registered investment adviser and Member - FINRA and SIPC. 770 Legacy Place, MLP240, Dedham, MA 02026. (800) 942-8300. CSI is an affiliate of Citizens Bank, N.A. and Citizens Bank of Pennsylvania
Securities and Insurance Products are: • NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Megan Griffin, 781-655-2418