SMith Barney's new WM unit

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Apr 12, 2006 11:38 am

Anybody on here a part of this new group, Citigroup Institutional Consulting, or know someone who is?

What does the new group do differently, other than take on fiduciary responsibility? Who gets to be one of these advisors? Is it solely determined by production?

Any insight would be much appreciated!

Apr 12, 2006 2:20 pm

From what I’ve read in the press the difference is more marketing than substance.  SB will have to make more changes to the platform.  However, it is a step in the right direction.

I’ve been told that selection was not made solely on production, but production levels were a major factor.

Also, SB will be supplementing the internal transfers with external hires.