Citigroup Global Markets Inc. (New York)

Name: Citigroup Global Markets Inc.
Address: 388 Greenwich Street, New York, NY, 10013
Telephone: 212-816-6000

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

Name	Entity	Date acquired	Ownership	Employer ID
Paul Underwood	Vice-chairman	1 Jul 1991	Other	451634
Kevin Leo Murphy	Srop	1 Mar 1994	Other	1146644
Cynthia Ann Armine	Compliance director	1 Oct 1995	Other	1049066
Virgil Howard Cumming	Chief investment officer, u.s. retail & high net worth - citigroup asset mgmt	1 Sep 1997	Other	xxx-xx-xxxx
Thomas Gus Maheras	Vice-chairman	1 Nov 1997	Other	1290637
Eduardo Goar Mestre	Vice-chairman	1 Nov 1997	Other	849190
Citigroup Financial Products Inc.	100% shareholder	1 Sep 1998	75% - 100%	13-3240203
Salomon Brothers Holding Company	Shareholder	1 Sep 1998	75% - 100%	13-3082695
Deryck Charles Maughan	Director	1 Nov 1998	Other	704558
Michael Fred Rosenbaum	General counsel - citigroup asset management; managing director - salomon smith barney inc.	1 Dec 1998	Other	xxx-xx-xxxx
Anthony Peter Jr Cieszko	Managing director - salomon smith barney inc.; head of u.s. retail and high net worth asset mgmt. - citigroup asset management	1 Jul 2000	Other	1158003
Frank J Bisignano	Chief administrative officer, sr. executive vice president	1 Oct 2000	Other	2484837
Andrew Beagley	Director of compliance, north america - citigroup asset management; director - salomon smith barney inc.	1 Nov 2000	Other	xxx-xx-xxxx
Andrew Thomas Beagley	Director of compliance, north america - citigroup asset management;	1 Nov 2000	Other	xxx-xx-xxxx
Michael Fred Rosenbaum	General counsel - citigroup asset management	1 Jan 2001	Other	xxx-xx-xxxx
Michelle Marie Morgan	Crop	1 Jun 2001	Other	2413332
Michelle M Morgan Bundock	Crop	1 Jun 2001	Other	2413332
Thomas Wade Jones	Chairman and ceo - citigroup asset management	1 Jul 2001	Other	xxx-xx-xxxx
Virgil Howard Cumming	Chief investment officer, global retail & high net worth - citigroup asset mgmt; managing director - salomon smith barney inc.	1 Jul 2001	Other	xxx-xx-xxxx
Evan Merberg	Managing director - salomon smith barney; chief administrative officer - citigroup asset management	1 Aug 2001	Other	xxx-xx-xxxx
A Rama Krishna	Chief investment officer - institutional investments - citigroup asset management	1 Oct 2001	Other	xxx-xx-xxxx
Marcy Engel	General counsel	1 Nov 2001	Other	1666825
Richard Salvatore Speziale	Chief financial officer - salomon smith barney inc.	1 May 2002	Other	1192739
Waldron Thomas Matthews	Vice chairman	1 Aug 2002	Other	803899
Robert Allan Druskin	President, chief operating officer	1 Aug 2002	Other	827763
Charles O Iii Prince	Chairman, ceo, director	1 Nov 2002	Other	2544758
Robert Allan Druskin	Director	1 Nov 2002	Other	827763
Sallie Lee Krawcheck	Chairman & ceo - smith barney	1 Nov 2002	Other	2269652
Michael James Sharp	General counsel - smith barney	1 Mar 2003	Other	xxx-xx-xxxx
Francis Patrick Begley	Srop	1 Apr 2003	Other	1595601
Michael Even	Global chief investment officer - citigroup asset management	1 May 2003	Other	2176724
Stephen Hopkins	Chief operating officer - citigroup asset management	1 May 2003	Other	xxx-xx-xxxx
Richard Ketchum	General counsel	1 Jun 2003	Other	xxx-xx-xxxx
Cliff Verron	Chief financial officer	1 Jul 2003	Other	4332129
Sallie Lee Krawcheck	Director	1 Dec 2003	Other	2269652
Robert Allan Druskin	Chairman	1 Dec 2003	Other	827763
Charles Dean Johnston	Senior executive vice president	1 Jan 2004	Other	861838
Harry David Cohen	Interim chief investment officer, u.s. retail & high net worth - citigroup asset mgmt.	1 Feb 2004	Other	49893
Thomas Gus Maheras	Chief executive officer of global capital markets, within citigroup's global corporate and investment banking group	1 Feb 2004	Other	1290637
Edward F. Greene	General counsel	1 May 2004	Other	xxx-xx-xxxx
Frank J Bisignano	Chief executive officer - global transaction services	1 Jul 2004	Other	2484837
Maria Louise Lago	Global head of compliance and business practices of citigroup's global corporate and investment banking group	1 Jul 2004	Other	4672107
John Churchill Morris	Chief of operations of citigroup global markets inc.	1 Jul 2004	Other	734315
Julie M Petrowcohen	Chief compliance officer - investment advisory businesses	1 Oct 2004	Other	xxx-xx-xxxx
Jeffrey Stuart Scott	Compliance officer - asset management	1 Oct 2004	Other	4346423
Robert Bruce Willumstad	President and chief operating officer - citigroup inc.	1 Oct 2004	Other	4783182
Todd Stuart Thomson	Director	1 Nov 2004	Other	4877810
Harry David Cohen	Chief investment officer, u.s. retail & high net worth - citigroup asset mgmt.	1 Dec 2004	Other	49893
Michael Even	Co-head - citigroup asset management	1 Jan 2005	Other	2176724
Stephen H Hopkins	Co-head, president - citigroup asset management	1 Jan 2005	Other	xxx-xx-xxxx
Charles Dean Johnston	President and ceo - smith barney global private client group	1 Jan 2005	Other	861838
Richard Russell Morton	Director of private client group branch system - smith barney	1 Feb 2005	Other	1064831
Andrew John Baldauf	Chief compliance officer - investment advisory businesses	1 Dec 2005	Other	1554676
Paul Martin Hatch	Executive vice president - investment advisory services	1 Mar 2006	Other	1350155
Cynthia Ann Armine	Co-chief compliance officer	1 Mar 2006	Other	1049066
Maria Louise Lago	Co-chief compliance officer	1 Mar 2006	Other	4672107
Todd Stuart Thomson	Chairman, ceo- smith barney	1 Nov 2006	Other	4877810
Thomas Gus Maheras	Director	1 Jan 2007	Other	1290637
Michael Stuart Klein	Director	1 Jan 2007	Other	1890478
Sallie Lee Krawcheck	Director	1 Jan 2007	Other	2269652
Sallie Lee Krawcheck	Chairman, ceo - smith barney	1 Mar 2007	Other	2269652
Charles Dean Johnston	Director of private client group branch system - smith barney	1 Apr 2007	Other	861838
Cliff Verron	Chief financial officer (finop)	1 Jul 2007	Other	4332129
Clifford Verron	Chief financial officer (finop)	1 Jul 2007	Other	4332129
James Joseph Tracy	Executive vice president - investment advisory services	1 Aug 2007	Other	1005601
James Anthony Forese	Director	1 Mar 2008	Other	1406421
John Paul Havens	Director	1 Apr 2008	Other	871302
Julius Raphael Leiman Carbia	Co chief compliance officer	1 Sep 2008	Other	2468086
Scott L Flood	Co general counsel	1 Jan 2009	Other	xxx-xx-xxxx
Karen J Kirchen	Co general counsel	1 Jan 2009	Other	xxx-xx-xxxx
Pamela Peglau Root	Chief compliance officer	1 Jun 2009	Other	4404500
William Thomas Young	Chief compliance officer - investment advisory businesses	1 Aug 2009	Other	2338451
Deborah Doyle Mcwhinney	President and ceo -citi personal wealth management	1 Aug 2009	Other	4358378
John Paul Havens	Chairman and chief executive officer	1 Sep 2009	Other	871302
Zion Shohet	Chief operating officer	1 Sep 2009	Other	xxx-xx-xxxx
Kenneth Edward Librot	Chief operations officer (finop)	1 Sep 2009	Other	1546288
Thomas N Murphy	Chief operations officer	1 Nov 2010	Other	4519183
John Pirnie Iii Davidson	Director	1 Jun 2012	Other	2439568
Philip Gallo	Chief compliance officer - investment advisory businesses	1 Sep 2012	Other	4074047
William Joseph Mills	Director	1 Dec 2012	Other	1089797
James Anthony Forese	Chairman and chief executive officer	1 Dec 2012	Other	1406421
Scott L Mr Flood	General counsel	1 Dec 2012	Other	xxx-xx-xxxx
Dana Lynn Platt	Chief compliance officer - investment advisory businesses	1 Mar 2013	Other	6123347
Scott L Mr Flood	Co-general counsel	1 Apr 2013	Other	xxx-xx-xxxx
Adam Reid Meshel	Co-general counsel	1 Apr 2013	Other	3101145
Scott Leroy Flood	Co-general counsel	1 Apr 2013	Other	xxx-xx-xxxx
Edward Joseph Iii Kelly	Director	1 Oct 2013	Other	2724462
Raymond Jeffrey Mcguire	Director	1 Jul 2014	Other	1309855
Santo Vito Trombetta	Chief operations officers (finop)	1 Jul 2015	Other	2068210
Santo Trombetta	Chief operations officers (finop)	1 Jul 2015	Other	2068210
Gary Michael Rosen	Interim chief compliance officer	1 Jan 2016	Other	5747390
Edward Raymond Arnold	Chief compliance officer - equities and equities derivatives	1 Oct 2016	Other	1876464
Daniel Scott Palomaki	Chief financial officer	1 Dec 2017	Other	6817317
Ted Kirk Yarbrough	Director	1 May 2018	Other	2086078
John W Cummings	Director	1 May 2018	Other	2729018
Jonathan Leach	Director	1 May 2018	Other	4317415
Daniel Laurence Keegan	Director	1 May 2018	Other	2756125
Howard Denham Marsh	Director	1 Jul 2018	Other	320614
Daniel Laurence Keegan	Ceo/chairman/president	1 Jul 2018	Other	2756125

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Citigroup Inc.	100% shareholder	1 Nov 1997	75% - 100%	52-1568099
Citigroup Global Markets Holdings Inc.	100% shareholder	1 Sep 1998	75% - 100%	11-2418067
Salomon Smith Barney Holdings Inc.	100% shareholder	1 Sep 1998	75% - 100%	22-1660266

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.