Citi?

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Oct 28, 2006 5:16 pm

So there is lots of talk that Citi is going to make a big push into New England.  Anyone know what their bank program is like?  Is it the same as Smith Barney or do I remeber something about Ctistreet?  Wondering if a lot of reps will be lured in and if they are worth considering...  appreciate your feedback


Please spare me that "bank brokers are losers" crap.


thanks,


NOFX

Oct 28, 2006 6:36 pm

Bank brokers are losers......


Oct 28, 2006 9:40 pm

Guess I asked for that...

Oct 29, 2006 9:32 am

Joe I say the same thing about people who do 100K in gross and claim their independence is what makes them happy.

Oct 29, 2006 12:03 pm

I have to admit I was wide open on that one.  Anyway, any feedback on Citi?

Oct 29, 2006 2:03 pm

NOFX...I worked at CitiStreet for a number of years. Thats the merger of State Street Bank and Citigroup on the Institutional side. PM me if you want more info about CitiStreet. I still have quite a few contacts there.

Oct 29, 2006 3:09 pm
bankrep1:

Joe I say the same thing about people who do 100K in gross and claim their independence is what makes them happy.



Blow the dust off your sense of humor and take it out for a test drive.......

And independence does make me happy.

100k is merely a milestone that has now passed.  On to bigger and better things since 70% of my revenues are recurring.   All this without tellers feeding me CD renewals to sling into VA's.

Oct 30, 2006 1:31 pm

Are any of you familiar with the global executive group financial advisor program?..

Oct 31, 2006 9:40 pm
NOFX:

So there is lots of talk that Citi is going to make a big push into New England.  Anyone know what their bank program is like?  Is it the same as Smith Barney or do I remeber something about Ctistreet?  Wondering if a lot of reps will be lured in and if they are worth considering...  appreciate your feedback


Please spare me that "bank brokers are losers" crap.


thanks,


NOFX



Citicorp Investment Services (the broker-dealer that Citi FA's go through) is being merged into Smith Barney.  This probably won't be complete for 1+ years, but it is already underway.  Eventually all Citi FA's will be Smith Barney FA's - same platform, same organization, same BD. 


I would be reluctant to be an FA with Citi but since I know they are becoming part of SB, I would jump at the opportunity. 

Nov 1, 2006 8:31 am
joedabrkr:
bankrep1:

Joe I say the same thing about people who do 100K in gross and claim their independence is what makes them happy.

Blow the dust off your sense of humor and take it out for a test drive.......And independence does make me happy.100k is merely a milestone that has now passed. On to bigger and better things since 70% of my revenues are recurring. All this without tellers feeding me CD renewals to sling into VA's.





A milestone? hardly. What exactky is wrong with other people sending people with large chunks of money my way? It is what you dream about.... VA's are used seldomly in my day to day operations, I have nothing against them in the right situation.

Nov 1, 2006 9:46 am
bankrep1:
joedabrkr:
bankrep1:

Joe I say the same thing about people who do 100K in gross and claim their independence is what makes them happy.

Blow the dust off your sense of humor and take it out for a test drive.......And independence does make me happy.100k is merely a milestone that has now passed.  On to bigger and better things since 70% of my revenues are recurring.   All this without tellers feeding me CD renewals to sling into VA's.





A milestone? hardly. What exactky is wrong with other people sending people with large chunks of money my way? It is what you dream about.... VA's are used seldomly in my day to day operations, I have nothing against them in the right situation.



No I don't really dream about it at all.

Nov 2, 2006 10:33 am

Same program/pay/produsts etc. as S/B.  The transaction is expected to close 5/29/07

Nov 4, 2006 9:11 am

So I guess there's no way to really know what it will be in the bank program (support etc.)...

Nov 9, 2006 7:24 pm

As someone stated earlier, Citicorp Investment is in the process of merging with Smith Barney now. As for the support from the bank, I think they have great support from the bank side. Seeing that the cash flows in and out all the time, part of the banks goals require that the bank employees refer to the financial advisor, not to mention that there are walk in business as well.

Nov 13, 2006 9:59 pm

Citycorp is moving fast. Its called Primerica... Haaaaa... CITY sucks. They are so big there service sucks. Half of the customer service reps must be in India. All I hear is you say ..........., okay. Like a recorder.