Citigroup Global Markets Inc
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Overview
Citigroup Global Markets Inc is a financial advisor firm located in New York, New York. The company administers $34.9 billion in assets over 53,776 client accounts, making it one of the largest investment advisory firms in the nation by assets under management (AUM). Citigroup Global Markets Inc has a very large team, including 4,737 financial advisors. Citigroup Global Markets Inc does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets like bonds, options and stocks.
Citigroup Global Markets Inc manages the majority of its accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell judgments for the client's account without requiring the client's consent. The firm also manages 22,793 non-discretionary accounts with a total of $14.9 billion in AUM. The advisory firm's average account size is $648,319. An average advisor at Citigroup Global Markets Inc oversees about 11 client accounts, placing it among the more personalized financial advisor firms in the country.
Citigroup Global Markets Inc's main office is located at 388 Greenwich Street, New York, New York 10013. Citigroup Global Markets Inc is legally registered to serve clients across 50 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Citigroup Global Markets Inc by the Numbers
$34.9 billion
7,927
53,776
$648.3 thousand
Products and Services
Citigroup Global Markets Inc offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, security rating services and other services. In the last financial year, the firm provided financial planning services to 7500 of its clients. The firm does sell products or offer services different than investment advisory services to its customers. The firm is affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency and commodity pool advisor.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Find a firm that offers this service
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees usually are based on which service is offered. Fee types charged by the firm likely are comprised of any combination of the following fee structures: asset-based or fixed. Citigroup Global Markets Inc does participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with a number of different customers. The company caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 53,776 clients, Citigroup Global Markets Inc's largest client type is retail investors, but it also serves 17,489 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of the firm's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 32.49%
- Other Individuals - 64.25%
- Corporations - 2.99%
- Charitable Organizations - 0.26%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Citigroup Global Markets Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Citigroup Global Markets Inc
Bay Shore, NY
Fort Lee, NJ
Miami, FL
Boston, MA
New York, NY
New York, NY
Boca Raton, FL
Alameda, CA
Manhattan Beach, CA
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