Citigroup Private Bank has introduced a client account analysis and reporting tool.
Called Relationship Report, the tool goes beyond simple layering of account information to bring together Citigroup banking, brokerage, credit, trust and investment accounts for ultra-high-net-worth Citigroup Private Bank clients. Clients may aggregate information from any account for which they are owner or joint owner. The information comes as a monthly printed report and is available online with daily updates.
The Report shows the connections among individual, family, business and trust accounts and can be tailored to display or compare any account. The service enables clients to track assets and liabilities, analyze performance of investments and monitor bank and credit account activity in one platform.
The Report enables clients and bankers to instantly see gains and losses across all asset classes including cash, bonds, equities, capital markets and alternative investments. Performance of complex investments for customizable time periods are charted against benchmark indices. A product repository contains every product and account type in the Citigroup system.
Other benefits include detailed information including tax lots and transaction specifics for all accounts; variable short- and long-term view of assets; asset snapshot in any chosen currency denomination; daily account tracking; summarized account information such as income, expenses, withdrawals, and deposits; and ability for clients to authorize access to information to a family office, lawyer, accountant or other administrators.