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Owen H. Watstein

Biltmore Who’s Who Selects Owen H. Watstein as this week’s Honored Member of the Executive and Professional Registry for 2009.

Owen H. Watstein, senior vice-president of wealth management for Citi Personal Wealth Management, has been selected as an Honored Member of the Biltmore Who’s Who Executive and Professional Registry. The selection recognizes Owen H. Watstein’s commitment to excellence in the Financial Services industry.

Watstein, who holds a Bachelor’s of Arts degree in Psychology from Hofstra University, has been working in the financial service industry for over eighteen years, since 1992.

Starting out as a financial consultant with Shearson Lehman Brothers in Garden City, he advanced by taking a position with Paine Webber as an investment consultant. From there, Watstein landed a job with his current company, working as a senior vice-president and senior financial advisor. He has been working out of the Madison Avenue and 91st Street location in NYC for the past twelve years.

Watstein’s main priority is to clearly communicate the ever changing financial markets with his clients, by following a four-phase process that allows him to reach his goals. The first step, he explains, is through discovery, by asking questions that will capture the most important aspect of a client’s wealth. The second step involves analysis and recommendation, which is based on feedback. Thirdly, implementation plays an important role by working through a detailed plan. Finally, monitoring communication between himself and his clients is also crucial to ensure that they are on the same page. “I like to be kept abreast of my clients changing financial needs,” he explained. “My knowledge has helped me both internally and externally to facilitate productive and profitable relationships for my clients.” In addition, Watstein acts as senior team leader for The Watstein Group, consisting of eight other advisors and two assistants.

After watching the movie Wall Street in 1987, Watstein became inspired to get involved in the financial services world as a stepping stone for future success both professionally and personally. “I have always gotten great joy by being able to help others in need,” he recalls. “I looked at this industry as a way to accomplish both of my passions in one.” Watstein’s main goal in the future includes helping his clients understand the importance of diversification and asset allocation as it pertains to investing with a long-term perspective. He also hopes for the team to be managing $1 billion in client assets by the start of 2015.

Watstein has won numerous awards, including a 2006 Citi Global Chairman’s Council for Consumer Investments Award, a 2007 and 2008 Chairman’s Club Award through Citi Smith Barney, and was named a CitiStar Top Performer nine times.

For more information, visit http://advisor.citi.com/thewatsteingroup.

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Owen H. Watstein
Posted by Biltmore Who's Who on Friday, May 28, 2010