Citigroup Global Markets Inc. (New York)

Citigroup Global Markets Inc. is a large advisory firm based in New York. It manages $25.27 billion of regulatory assets for 47,742 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Citigroup Global Markets provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, security ratings or pricing services, and asset allocation advice. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm also engages as cftc swap dealer.

Citigroup Global Markets: assets under management

The assets under management (AUM) of Citigroup Global Markets Inc. is $25.27 billion. The firm's AUM has gone down by -83% since the beginning of its operation, and $3.49 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $13.66 billion in discretionary accounts and $11.61 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $563.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $493.97 thousand.

Citigroup Global Markets has custody of $895.63 million in cash and securities for 2,393 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in government bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Citigroup Global Markets Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Anthony Forese serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of James Anthony Forese is high net worth individuals with 13,186 clients and $11.77 billion of assets under management. Among the 11 most similar advisory firms, Citigroup Global Markets has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $25.27 billion for 47,742 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Citigroup Global Markets doesn't advise any private funds.

Careers at Citigroup Global Markets Inc.

The company employs 7,855 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 1,596 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

James Anthony Forese has been acting as President since 1 Mar 2008. Howard Denham Marsh joined the executive team most recently as the Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 3 indirect owners.

Based in New York

The principal office where Citigroup Global Markets Inc. performs its advisory services is located at 388 Greenwich Street, New York, NY 10013, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-816-6000. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at citiprivatebank.com.

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