PROVIDENCE, R.I.–(Enterprise WIRE)–Jul 14, 2022–
Citizens Economic Group, Inc. (NYSE: CFG) these days declared a definitive settlement to purchase pick belongings and liabilities of Paladin Advisors, an impartial, registered investment advisor headquartered in Kensington, New Hampshire. This acquisition strengthens Citizens’ existence in an significant geography, though bringing supplemental investment decision capabilities to the Clarfeld | Citizens Personal Prosperity staff.
“This acquisition will reinforce our wealth administration company, as we achieve additional access and Paladin’s refreshing asset allocation financial commitment tactic, which complements our proven tactic,” reported Chris Weyrauch, Head of Citizens Prosperity Administration. “We’re energized to welcome these types of a talented crew and have them join our perfectly-regarded, quickly increasing prosperity administration system.”
“Guided by a philosophy of accountability, transparency and consultation, Paladin prioritizes careful financial investment management and detailed monetary assistance for discerning consumers who are searching for customized wealth management products and services,” stated Karen Parker Feld, CEO, Paladin Advisors. “We will expand on that mission with Citizens, bringing supplemental products and services to shoppers, a complicated-to-replicate value proposition for any independent advisor.”
The transaction is expected to close in the 3rd quarter of 2022, subject to customary closing phrases and ailments. On closing, Paladin Advisors will turn into element of Clarfeld | Citizens Personal Prosperity.
About Citizens Economical Group, Inc.
Citizens Fiscal Group, Inc. is a single of the nation’s oldest and largest financial institutions, with $192.1 billion in belongings as of March 31, 2022. Headquartered in Providence, Rhode Island, Citizens presents a wide variety of retail and commercial banking products and solutions and solutions to individuals, tiny organizations, center-current market organizations, big companies and establishments. Citizens allows its buyers achieve their opportunity by listening to them and by knowledge their needs in purchase to offer you customized assistance, thoughts and remedies. In Client Banking, Citizens gives an integrated experience that incorporates mobile and on the web banking, a entire-support consumer speak to center and the advantage of around 3,300 ATMs and roughly 1,200 branches in 14 states and the District of Columbia. Buyer Banking products and solutions and products and services contain a complete variety of banking, lending, personal savings, prosperity administration and smaller company offerings. In Industrial Banking, Citizens provides a wide enhance of money solutions and answers, which includes lending and leasing, deposit and treasury management services, foreign trade, desire fee and commodity threat management answers, as perfectly as personal loan syndication, company finance, merger and acquisition, and personal debt and equity capital markets capabilities. Additional facts is available at www.citizensbank.com or stop by us on Twitter, LinkedIn or Fb.
“Safe Harbor” Assertion beneath the Non-public Securities Litigation Reform Act of 1995: This interaction is made up of “forward-on the lookout statements” — that is, statements relevant to future, not previous, occasions. In this context, ahead-wanting statements often handle our envisioned potential organization and money performance and economic situation, and frequently have terms these kinds of as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” or “target.” Forward-seeking statements by their mother nature handle issues that are, to diverse levels, unsure. Uncertainties that could induce our actual benefits to be materially distinct than all those expressed in our ahead-wanting statements include things like the failure to consummate this transaction or to make or choose any filing or other action essential to consummate any these types of transaction on a well timed make a difference or at all. These or other uncertainties may possibly bring about our real long run results to be materially unique from people expressed in our ahead-hunting statements.
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Steve Brownell —[email protected]:
Kristin Silberberg – 203.900.6854
Keyword: UNITED STATES NORTH America NEW HAMPSHIRE RHODE ISLAND
Sector Keyword: Qualified Companies Enterprise FINANCE ASSET Administration CONSULTING BANKING
Resource: Citizens Economical Team, Inc.
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PUB: 07/14/2022 07:30 AM/DISC: 07/14/2022 07:32 AM