The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Citi Wealth, Allfunds
New York-headquartered Citi Wealth has agreed with Madrid-based Allfunds to use their technology platform to provide enhanced speed and execution for Citi Wealth clients. The Allfunds platform will enable streamlined trade execution, settlement, and reconciliation processes, the firm said in a statement. In addition, as a new sub-distributor for Allfunds, Citi Wealth will use the scope of the Allfunds platform to enhance the availability of third-party investment offerings.

“Our partnership with Allfunds is an important step in our efforts to strengthen and simplify our business and enhance our client and banker experience,” said Daniel O’Donnell, head of alternatives and investment manager solutions.

Citi Wealth said it is targeting the launch of these services for Citi Private Bank in EMEA later this year, with additional regions expected to benefit from Allfunds’ capabilities in 2026 and 2027. This partnership is part of Citi Wealth’s efforts to deliver an investment offering for clients across regions and segments.

Allfunds is a wealthtech partner for the wealth and asset management industries, with more than €1.5 trillion ($1.77 trillion) assets under administration across mutual funds and alternative assets.