Citigold has rolled out an updated loan and bonus package to attract high-caliber financial advisors to its wealth management business, aiming to strengthen its investment services.

David Poole, head of Citigold's North American private client business, shared that the program capitalizes on referrals from relationship managers in Citigold's 641 retail bank branches across six affluent markets, including New York, Miami, and San Francisco. According to WealthManagement, Citigold's branches pair relationship managers with senior wealth advisors to support premium banking clients who need investment guidance.

The revamped offer targets advisors with over $1 million in trailing-12 production. Advisors under this new structure may receive up to 250 percent of trailing-12 earnings through an up-front loan amortized over nine years, along with quarterly bonuses and additional two-year backend bonuses for new assets acquired into Citi, according to WealthManagement. Poole highlighted that the program, developed over the past year, aligns with Citi's broader strategy to expand wealth management under Andy Sieg, formerly of Merrill Lynch, who now leads Citi's wealth management division.

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