At a glance
- For advisors, Webber said in a statement that the pitch is a single platform combining wealth management with private and commercial banking.
- Citizens has recruited 13 teams representing $13.2 billion in client assets to its Private Wealth division in the past two years, according to WealthManagement.com.
- Citizens Private Wealth now has teams in Newport Beach, San Francisco and Los Angeles, while the private bank has teams in seven California locations including Newport Beach.
Matt Webber and Chris Illiano, who managed more than $1.2 billion at Ameriprise Financial in Newport Beach, Calif., joined Citizens Private Wealth as Webber Wealth Partners, WealthManagement.com reported Oct. 28. Terms were not disclosed.
For advisors, Webber said in a statement that the pitch is a single platform combining wealth management with private and commercial banking. Webber Wealth Partners serves high-net-worth and ultra-high-net-worth individuals.
Citizens has recruited 13 teams representing $13.2 billion in client assets to its Private Wealth division in the past two years, according to WealthManagement.com. That works out to about $1 billion per team, putting Webber and Illiano's book slightly above the average.
Citizens Private Wealth now has teams in Newport Beach, San Francisco and Los Angeles, while the private bank has teams in seven California locations including Newport Beach. Last year Citizens added Bradley Wealth Partners, an $880 million Newport Beach team.
Webber's $1.2B book sits just above Citizens' $1B average team
Client assets per recruited team vs. Citizens' 13-team average over two years
Reported by the Moves desk from WealthManagement.com and Private Wealth Daily's Moves Wire. Published . Corrections