Citigroup Private Bank has released Realtionship Report, an account analysis and reporting tool for ultra-high-net-worth clients.
The wealth management tool brings together banking, brokerage, credit, trust and investment accounts for private bank clients and shows connections among individual, family, business and trust accounts.
The technology enables clients to track assets and liabilities, analyse performance of investments and monitor bank and credit account activity, on one platform. Information is delivered as a monthly printed report and is online with daily updates.
Peter Scaturro, CEO, the Private Bank, says the tool provides clients with a deeper insight and understanding of complex financial situations: "This broad integration and customized analysis help our clients determine the best possible investment decisions."
The product has been in Beta testing since November and goes live to US clients this month.