Digest January 19th

BlackRock Hires Citi Exec to Lead $80B Wealth Platform

In a major talent acquisition, BlackRock has hired Citi’s former head of investment management to oversee an $80 billion wealth platform. The move underscores intensifying competition among asset managers to capture high-net-worth flows and modernize platforms.
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Charles Schwab Sees Record Account Openings Amid Market Rally

Riding strong market momentum, Charles Schwab reported a surge in new account openings and asset inflows. The growth highlights increased investor confidence and validates the firm’s hybrid model combining digital tools with human advice.
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FCA Launches New Support Program for Complex Financial Decisions

The UK’s Financial Conduct Authority is introducing targeted support to help consumers navigate complex investment and retirement decisions. While a UK initiative, it reflects a global trend toward regulatory encouragement of financial literacy and advisory access.
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