Citigroup Global Markets Inc

CRD#7059
Investment Advisor Firm

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Learn more about Citigroup Global Markets Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • 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

    $34.9 billion

    Number of Advisors

    4,737

    Disclosures

    No

    Office Location

    388 Greenwich Street
    New York, NY 10013

    Citigroup Global Markets Inc by the Numbers

    Total Assets Under Management

    $34.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    7,927

    National Average: 64
    Total Number of Accounts

    53,776

    National Average: 375,227
    Average Account Size

    $648.3 thousand

    National Average: $23.0 thousand
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    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

    • 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.

    • 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.

    • 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

    • 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.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    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

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    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

    Douglas Drehwing
    Bay Shore, NY
    Rong Ling Lin
    Fort Lee, NJ
    Carlos Morlote
    Miami, FL
    Jeffrey Manning
    Boston, MA
    Charles Reinhard
    New York, NY
    Charles Cavanaugh
    New York, NY
    Fernando Rodriguez
    Boca Raton, FL
    Larry Ngai
    Alameda, CA
    Jessica Blount
    Manhattan Beach, CA

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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