Opinions on citibank brokerage

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Oct 14, 2005 6:04 pm

WOULD APPRECIATE ALL INPUT ON EXPERIENCE AT CITIBANK BROKERAGE. AVAILABILITY OF PRODUCTS, PAYOUT, ANYONE IN A PARTNERSHIP.MANY THANKS.

Oct 14, 2005 7:54 pm

Its a BANK. If you want brokerage, take the elevator to the top floor of that building and walk in- it says Smith Barney...

Oct 14, 2005 8:09 pm

I agree, Smith Barney is a great firm to work at , Citi is a pure bank, like banc of america, chase, etc. Salary plus bonus, I guess it depends on what you want

Oct 14, 2005 9:27 pm

IS THERE ANY DIFFERENCE BETWEEN CITI BROKERAGE AND SAY B OF A OR CHASE. ARE THE LICENSES NEEDED THE SAME ALONG W/AVAILABILITY OF PRODUCTS AND PAYOUT? THANKS FOR ALL RESPONSES.

Oct 15, 2005 2:02 am

The only difference is the in house products that they have to offer--otherwise it's pretty much the same. On a side note, Citi's FC are not allowed to buy/sell individual stocks. (this was my understanding 2 years ago, it may have changed thou) Charlie, what area are you from?

Oct 15, 2005 10:14 am

If there products and money managers are so good why does Citi Group keep there pension money with Dimensional ( DFA)?


I always ask clients with Smith Barney that question!

Oct 15, 2005 10:42 am

With the recent swap with Legg Mason this is no longer an issue, start thinking of something new to ask your clients, the majority of the managed money platform is outside money managers that we provide the due diligence for.

Oct 15, 2005 4:35 pm

So if you had to pick a good bank/brokerage to work in, which is the best? What kind of salary, how long, payout, etc? Welcome all thoughts.

Oct 16, 2005 3:03 pm

charlie, if you want to work for citi, try getting into their private banking division, you'll have all sorts of tools available to help HNW cleints.

Nov 11, 2005 4:30 pm

CitiCorp/SSB have the same products/servies.  SSB has a TRAK(wrap account) the Citicorp did not have but now does.  The payout for SSB are higher.  Citicorp offers an 18/month new higher payout starting from 40% then going down to 32% by the 18 month.  After that u are strictly on the grid.  The grid is from 20-42@ depends on production.  To hit 42% u need to be at a million in gross production.


Not a bad company to work for but be ready to work your ass off.  Especially in the first 2 years.  After 18 month if you are not putting up the #'s your out.


Good Luck!


Nov 22, 2005 12:41 pm

Charlie,

What have you decided? Are you going to Citicorp Investment Services? Have you talked to them about any of the questions you have?