According to the Citi, the expanded OpenWealth’s new offerings deliver trust accounting, customizable web-based platform with real-time processing and reporting that supports all phases of the account administration lifecycle.
OpenWealth platform aggregates household level data across wealth management platforms, investment managers and third-party custodians, and offers unified household capabilities – a front-to-back solution that eases key operational and administrative burdens and lets managers focus on building relationships and growing their business.
OpenWealth offers custody service with access to a global network covering more than 92 markets and full operations outsourcing.
Citi Head of Custody and Investment Services, Securities and Fund Services Chandresh Iyer said that OpenWealth delivers a complete solution that enables clients to focus on their core activities of managing assets and serving their clients.
"Switching over to a new platform is an important decision for our clients, and we are committed to delivering best-in-class solutions based on leading-edge technology to help grow their business," Iyer said.
