Citi Bank Reps Disgruntled, in a Big Way, Over Push to Pure RIA Model

What's wrong with the hybrid model --- being both a Series 7 and IAR of an RIA? Citi Personal Wealth Management advisors want to know.

This rather dire posting on Registered Rep.’s forum is an accurate description of what’s going on at Citi, I hear via emails and a conversation from two Citi employees, who have been calling and emailing for, oh, weeks now. So, while, to be fair, I haven’t yet heard from our friends at Citi (it is a Saturday morning, for God’s sakes), I am confident enough in the accuracy of the post below to blog it. For more, hit VonAldo.com, the blog of RR Editor-in-Chief David A. Geracioti.

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