Schroders partners with Citi to offer clients new DFM solution via Cazenove Capital
Schroders and Citi are today announcing a strategic partnership to launch a bespoke Discretionary Fund Management (DFM) service for Citigold, the Bank’s mass affluent clients across the UK and select international markets.
Schroders and Citi are today announcing a strategic partnership to launch a bespoke Discretionary Fund Management (DFM) service for Citigold, the Bank’s mass affluent clients across the UK and select international markets. The discretionary solution will be delivered by Cazenove Capital, Schroders’ UK provider of wealth management services with a strong track record of risk-adjusted returns and a consistent focus on preserving wealth.
With this partnership, Citi’s clients will be able to take advantage of a broad DFM proposition from Cazenove Capital with a choice of Sterling, Euro and US dollar currencies. The service is now available to all Citigold clients, offering the benefits of active portfolio management and transparent reporting.
Citi’s Relationship Managers will assess individual client risk profiles and financial goals and Cazenove Capital will be responsible for setting an appropriate asset allocation strategy to create portfolios that match their individual needs.
Alexander Ross-Parkinson, Strategic Partnerships Director, Schroders commented:
“The combination of Citi’s excellent client service and Cazenove Capital’s DFM service will provide clients with a compelling wealth management solution.”
Nicolas Georgiadis, Head of Cazenove Capital DFM, commented:
“Our attitude to managing our clients’ wealth is measured and intelligent, and we look forward to working with Citi to deliver strong risk-adjusted returns while maintaining a consistent focus on preserving wealth. Our business is built on trust, something we have developed whilst working in partnership with advisers for over a decade.”