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Wealth Management

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Women Enter Wealth Management in Higher Numbers, But Few Move Into Advisory Roles
business18 days ago

Women Enter Wealth Management in Higher Numbers, But Few Move Into Advisory Roles

Fintrx’s study shows more young women are entering wealth management, but they remain underrepresented in revenue-generating client-advisory roles and top leadership. About 37.6% of registered professionals aged 20–30 are women, yet only ~20% of producing advisors in that group are women, with women also making up a small share of C-suite roles (around 21.5%). The trend coincides with rising female wealth and more women-founded advisory firms, highlighting the need for clearer pathways to ownership and executive positions.

via CNBC|
#advisory-roles#business#c-suite
Citi pursues private arbitration for harassment claim against wealth chief Sieg
business2 months ago

Citi pursues private arbitration for harassment claim against wealth chief Sieg

Citigroup asked a Texas federal court to compel private arbitration of Julia Carreon’s sexual-harassment claim against wealth chief Andy Sieg, arguing the allegations are fabricated and that Citi’s employment-dispute practice supports arbitration; the move comes amid a 2022 law that limits arbitration for sexual-harassment claims, and Citi cites Carreon’s messages praising Sieg to challenge her accusations.

via Financial Times|
#arbitration#banks#business
Fair pay for heirs: navigating compensation in ultra-rich family offices
business2 months ago

Fair pay for heirs: navigating compensation in ultra-rich family offices

Ultra-wealthy families increasingly bring millennial and Gen Z heirs into private investment firms, but pay is often contested—heirs may be underpaid due to loyalty or in some cases overpaid and stuck with golden handcuffs. Experts urge formal compensation structures, clearly defined roles, and written plans or committees to prevent resentment and disputes as family offices expand into more active investing.

via CNBC|
#business#compensation#family-offices
Citigroup rides IB and wealth gains to a Q4 beat, sets 2026 NII targets
finance2 months ago

Citigroup rides IB and wealth gains to a Q4 beat, sets 2026 NII targets

Citigroup beat Q4 expectations with adjusted EPS of $1.81 on revenue of $19.9B, led by strength in investment banking and wealth management, while a Russia exit-related charge and softer markets limited GAAP results. The bank sees 2026 net interest income ex-markets rising about 5-6% from 2025 (~$49.8B to ~$52.3B-$52.8B) and targets a 60% efficiency ratio, down from 65% in 2025. End-of-period loans rose to $752B and deposits to $1.40T.

via Seeking Alpha|
#citigroup#earnings#finance
Paris Hilton Secures Mortgage for $63M Mansion from Mark Wahlberg
business3 months ago

Paris Hilton Secures Mortgage for $63M Mansion from Mark Wahlberg

Paris Hilton, despite her substantial net worth, took out a $43.75 million mortgage on her $63 million Beverly Hills mansion, a move that aligns with the financial strategy of many ultra-wealthy individuals who prefer to keep liquidity available for investments and other ventures rather than paying cash upfront, illustrating that leveraging debt can be a smart financial decision even for the extremely wealthy.

via Fortune|
#business#financial-strategy#luxury-real-estate