Citi Global Alternatives, LLC
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Overview
Citi Global Alternatives, LLC is a financial advisor firm headquartered in New York, New York. It handles $18.5 billion in total assets over 190 accounts, making it one of the largest investment advisory firms in the nation by assets under management (AUM). It has an average-sized team, including 55 financial advisors. Citi Global Alternatives, LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial investments like bonds, options and equities.
Citi Global Alternatives, LLC oversees more than half of the company's accounts in a discretionary manner. Discretionary management means that buy and sell choices for the client's account are made by a portfolio manager without needing to seek the client's consent. The company also manages five non-discretionary accounts with a total of $22.2 million in AUM. The company manages about $97.4 million in assets for each client account. The average financial advisor at Citi Global Alternatives, LLC oversees around three client accounts, placing it among the most individualized firms in the country.
The firm's headquarters is at 388 Greenwich Street, New York, New York 10013. It is legally permitted to provide services to clients across a few states, including New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Citi Global Alternatives, LLC by the Numbers
$18.5 billion
95
190
$97.4 million
Fee Structure
A financial advisor's fees largely vary depending on the services offered. However, fee types billed by the company can include any combination of the following fee structures: asset-based, fixed, performance-based or other. The company does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
Citi Global Alternatives, LLC does business with a broad range of clients. Citi Global Alternatives, LLC provides services to retail investors, high net worth investors, pooled investment vehicles, charitable organizations and corporations. Out of its 190 accounts, Citi Global Alternatives, LLC's largest client by number of accounts is pooled investment vehicles, though it also serves 13 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person 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). Around 57% of the company's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 6.44%
- Other Individuals - 2.48%
- Corporations - 90.59%
- Charitable Organizations - 0.5%
* 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
Citi Global Alternatives, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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