PROVIDENCE – Many more investors will now have access to the Strategic and Tactical Allocation Risk portfolios managed by the Citizens Bank Wealth Management Investment Strategy team.
For the first time in more than a decade, Citizens Bank Wealth Management has expanded availability of its STAR portfolios, which had been available previously only to Citizens Bank Private Wealth Management clients.
The portfolios are now part of the investments available to all investors served through Citizens Investment Services. They are designed to provide access to a broad array of managers and blend of management styles.
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, in a statement. “Adding these portfolios to the range of investments available to our clients helps us to meet their diverse needs.”
According to a news release, Citizens STAR portfolios are “globally allocated diversified portfolios designed around seven core strategic risk profiles, with tactical positioning for long-term risk and return optimization.”
Dan LaPlante, chief investment officer of Citizens Bank Private Wealth Management, in a statement said, “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.”
Citizens Bank is a subsidiary of Citizens Financial Group Inc. based in Providence.
Mary Lhowe is a PBN contributing writer.
