Citi's OpenWealthSM Awarded Managed Solutions
Innovation of the Year by MMI
Jonathan Flitt named "All-Star Achiever" for leadership and contributions in the managed accounts
industry
May 27, 2010 09:48 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Citi’s Global Transaction Services announced today that its
OpenWealthSM solution was awarded “Managed Solutions Innovation of the Year” for 2010 by Money
Management Institute (MMI). The MMI Industry Leadership Recognition awards, now in its second year, recognize
firms that “have demonstrated innovation, growth and long term viability in the managed solutions industry". The
awards were won by Citi’s Investment Administration Services (IAS), a unit of Securities and Fund Services. IAS
delivers innovative middle- and back-office solutions, allowing asset managers to offload non-core support functions
and enabling them to focus on growing their business and focusing on their customers.
OpenWealthSM received the Managed Solutions Innovation Award given to the firm that exhibited the greatest gain
in efficiency or growth due to a technology or operations improvement. OpenWealthis the industry’s first Unified
Managed Household servicing platform that provides automated household portfolio and tax optimization tools for
distributors and sponsors of wealth management. Leveraging groundbreaking technology, OpenWealth delivers true
tax-optimized Unified Managed Household capabilities on a single end-to-end platform scalable to hundreds of
thousands of accounts.
Jonathan Flitt, Product Manager for Citi’s Investor Services and Co-Chair of MMI's Technology and Operations
Committee received theAll-Star Achiever Award, given to the individual who has gone above and beyond in support
of a committee of industry issue.MMI recognized Jonathan Flitt for his leadership position in numerous industry
changing innovations that have resulted in sponsor and manager efficiencies, cost reduction, risk reduction and
growth for Citi’s clients and their