Citizens Financial Group completed its planned acquisition of wealth management firm Clarfeld Financial Advisors Wednesday for an undisclosed sum.
The deal for the Westchester County, N.Y.-based firm will create a combined wealth management business with $14.4 billion of assets under management (AUM) and $34.1 billion of assets under management or administration. That figure is still small compared with other large banks. PNC Wealth Management, for example, reported a third-quarter AUM of $159…
