| Similar Articles |
|---|
 |
Registered Rep.
January 22, 2007
John Churchill |
Krawcheck Back, Thompson Bows Out at Citigroup Citigroup announced two key management changes today: Sallie Krawcheck, Citigroup's CFO, returns to her role as CEO of global wealth management, and Todd Thomson, who currently holds the position, is leaving the company.   |
Registered Rep.
March 1, 2007
John Churchill |
Sallie's Back At first glance, this second coming of Sallie Krawcheck probably looks like a cakewalk compared to her first adventure in 2002. But, make no mistake: Smith Barney is not the awesome brokerage it appears to be on paper. |
Registered Rep.
April 18, 2007
Halah Touryalai |
Chuck Prince: Smith Barney Goin' Nowhere Citigroup's CEO has been at the center of company news recently with his plans to cut costs including last week's announcement of about 17,000 job cuts. That cut may affect over 100 Smith Barney employees and about 30 advisors. |
Registered Rep.
December 1, 2004
David A. Gaffen |
Sallie Krawcheck Has Left the Building In a move that presages future Citigroup plans, Smith Barney CEO Sallie Krawcheck and Citigroup's CFO Todd Thomson have switched offices. |
Registered Rep.
December 11, 2007
Christina Mucciolo |
Pandit takes Prince's Post Citigroup shuffled its brass today and named Vikram Pandit the new CEO and a member of the Board of Directors. |
Registered Rep.
September 22, 2008
John Churchill |
Sallie Krawcheck Out at Smith Barney Sallie Krawcheck, CEO of Citi's global wealth management division, and once considered a potential successor to the CEO role, is leaving the firm. |
Registered Rep.
March 3, 2008
Christina Mucciolo |
Krawcheck Says Advisors Not Forced Into Wealth Silos: UPDATE Citigroup's reorganization of its private bank and Global Wealth Management division, announced Tuesday, will absolutely not force advisors into silos based on client wealth. |
BusinessWeek
February 14, 2005
Mara Der Hovanesian |
Citi: A Whole New Playbook Citigroup CEO Chuck Prince is moving away from Sandy Weill's empire-building strategy. |
Registered Rep.
February 1, 2005
Will Leitch |
MetLife Buys Citigroup's Insurance Arm Citigroup's decision to sell its Travelers Life & Annuity arm to MetLife for an estimated $11.5 billion could be a sign of things to come in the financial advisory business. |
Registered Rep.
May 30, 2003
David A. Gaffen |
The New Smith Barney CEO Sallie Krawcheck was recruited to restore the credibility of Smith Barney and lead the business through its toughest slump in a generation. Krawcheck wants Smith Barney advisors to more than double their average annual production to $1 million. |
Registered Rep.
November 18, 2005
Kristen French |
Smith Barney Cuts Pay for Smaller Brokers The new pay scale was announced to brokers internally in October and will take effect in January. |
Registered Rep.
April 29, 2008 |
Citi Hedge Fund Blow Up Hurts Clients--And Sends Advisors Packing While Smith Barney tries its darnedest to hold on to the money of its wealthy clients, it's also having a hard time keeping some of its best brokers. |
Registered Rep.
October 5, 2009
Kristen French |
Citi Bank Brokerage Converts To All Fees Citigroup announced that it would convert its small North American bank brokerage business completely to a fee-on-assets-based fiduciary advice system, and would stop collecting commissions on stock and fund sales. |
Registered Rep.
May 29, 2007
Kevin Burke |
Smith Barney's Krawcheck to Smooth Out Comp. Plan The brokerage giant's top executive is set to tweak the firm's compensation plan in an attempt to address financial advisors' repeated complaints over pay complexities and claims of unfairness. |
U.S. Banker
November 2004
John Engen |
Succession Planning: Is Sallie Krawcheck Ready For Citi's Big League? Everyone's got a theory about Sallie Krawcheck's rise to CFO of the world's largest bank. |
Registered Rep.
June 1, 2009
David Geracioti |
Can You Say, "Morgan Stanley Smith Barney?" The Joint Venture Launches Today The deal merging Citi's brokerage (Smith Barney) with Morgan Stanley's Global Wealth Management Group is closed -- ahead of schedule. |
BusinessWeek
February 26, 2007
Mara Der Hovanesian |
The Real Scandal At Citi Is Citi using a high-level ouster and tabloid-style rumors to obscure the disarray and dismal returns of Chuck Prince's reign? |
Registered Rep.
April 17, 2009
Halah Touryalai |
Smith Barney Losing Advisors, Client Assets But while Smith Barney is losing reps, it also appears to be recruiting heavily. |
BusinessWeek
October 16, 2006
Mara Der Hovanesian |
Citicorp: Cleaned Up But Falling Behind Investors are carping about Citicorp's slow recovery. Can Chuck Prince pick up the pace? |
Registered Rep.
April 1, 2010
Halah Touryalai |
Citi's Covert Makeover It's a major shift in business for an entire unit to leap in the fee-only RIA world. |
U.S. Banker
July 2007
Holly Sraeel |
Split Citi Up? The Merger Was Fated from the Start. The intense scrutiny that Charles Prince has been under in the past four years is something few bank CEOs will ever know. None of them has run an institution as complex as Citigroup. |
Registered Rep.
April 1, 2008
John Churchill |
Good Times, Bad Times Shares of the major broker/dealers are getting hammered. The good news is, for those of you who have always wanted to move on, but couldn't because it made you sick to leave unvested options on the table, this may be your moment. |
Registered Rep.
April 1, 2008
Christina Mucciolo |
Citi Reorganizes For Smith Barney Citigroup announces plans to reorganize its private bank and Global Wealth Management division into four separate units according to client wealth. |
Registered Rep.
November 1, 2002
Gaffen & Weinberg |
Brokers React to Citi's Research Move Sallie Krawcheck, former head of independent research firm Sanford C. Bernstein, will head a new business unit of Citigroup that will operate under the name Smith Barney, and include the private client group. Smith Barney brokers are skeptical, though. |
Registered Rep.
February 23, 2007
Kevin Burke |
Disgruntled Smith Barney Brokers Are Voting with Their Feet Sixty-nine brokers left Smith Barney, just ahead of a three-day weekend. Fridays before a long weekend are historically prime times for unhappy brokers to make a clean break, but the large number of brokers taking off on a single day is alarming. |
The Motley Fool
December 21, 2006
Michael Leibert |
Fool on the Street: Putting the Group in Citigroup Many investors believe that Citigroup is just too big to generate a superior rate of sustainable growth, and a growing chorus is calling for the separation of Citigroup's retail banking, investment banking, and brokerage operations. |
Registered Rep.
December 1, 2005
Halah Touryalai |
Smith Barney: New Focus On the Horizon While most Smith Barney advisor respondents were generally unimpressed by the acquisition of Legg advisors, it'll be interesting to see if Smith Barney's jettisoning of its asset management group -- and resulting new focus on retail distribution -- will rejuvenate the firm. |
Registered Rep.
January 9, 2009 |
Citi: What Sandy Built, Pandit Will Dismantle? The Wall Street Journal is reporting that Citigroup has put Smith Barney up for sale -- or a joint venture. |
The Motley Fool
January 13, 2009
Morgan Housel |
The Future of Citigroup Two big events over the past few days have given investors new reasons to squirm. |
Registered Rep.
January 13, 2009
David Geracioti |
Citi, Morgan Stanley Agree To Form Joint Venture; Reps Will Receive Retention Bonus--Gorman Says: "We're Not Stupid" The combined retail brokerage units will become the largest financial services firm in the world and be a "force to be reckoned with." The combined entity will have more than 20,000 Financial advisors and an estimated $1.7 trillion in client assets. |
Registered Rep.
August 1, 2005
John Churchill |
Should I Stay or Should I Go? When Smith Barney and Legg Mason announced a deal to swap the wirehouse's asset-management business for Legg's brokerage unit, a lot of Legg reps made calls to recruiters and began to prepare for a move. But now, a lot of reps have stopped packing. |
BusinessWeek
February 20, 2006
Mara Der Hovanesian |
Rewiring Chuck Prince Citigroup CEO Charles O. Prince strives to make himself into a leader with vision. |
BusinessWeek
November 19, 2007
Mara Der Hovanesian |
Can Citi Regroup? Investors want a Citigroup breakup, but the arguments against that are powerful. |
Investment Advisor
November 2009
James J. Green |
B/D Briefing: Citi Brokers Switch to Fees Citi Personal Wealth Management announces that the brokers who operate in Citibank branches will change their compensation models immediately from commissions to fees. |
Registered Rep.
December 16, 2004
David A. Gaffen |
Smith Barney's Matthews Retires; Johnston Steps In Tom Matthews, president of Smith Barney's global private client group, is retiring and Charles Johnston, currently director of the retail branch system at the firm, will replace him. |
Registered Rep.
November 1, 2005
John Churchill |
The Money Squeeze There's one thing that stands between the big retail brokerage firms and the high profit margins that the executives of these firms and their investors seek: the financial advisor. |
Registered Rep.
February 21, 2007
John Churchill |
Smith Barney Comp Pleasant Surprise Judging from initial reports from reps, the written version of the new plan is an improvement from the prior version -- a plan many reps equated to a pay cut despite the firm's insistence that it was "revenue neutral." |
Registered Rep.
April 6, 2009
John Churchill |
Citi Smith Barney Head, Michael Corbat, Now Head of "Bad Bank" Just over six months after he was named the new leader of Citi Global Wealth Management, Michael Corbat is bouncing to another post. Today, the firm named Corbat CEO of Citi Holdings. |
Registered Rep.
October 30, 2007
Christina Mucciolo |
O'Neal Gone: Reps Apathetic, Analysts Say Get Back To Basics If you work at Merrill, enjoy the cloak-and-dagger board room fight. In reality, things aren't so bad. The bottom line: Merrill ought to stick to what it is good at -- retail brokerage. |
Registered Rep.
April 1, 2008
David Geracioti |
Sallie Krawcheck A conversation with Sally Krawcheck, CEO of Citigroup's Smith Barney unit, about the company's recent reorganization. |
Registered Rep.
May 13, 2008
Nancy N. DiCostanzo |
Citi Plan Gets Whitney Smackdown Citigroup's turnaround plan gets a big thumbs down by an Oppenheimer analyst. |
Registered Rep.
September 10, 2003
David A. Gaffen |
Existing Clients Want More Advice The good news for reps is that the world doesn't hate you. The bad news is that acquiring clients -- particularly affluent ones -- is getting a lot more tough. |
Registered Rep.
August 26, 2009
David A. Geracioti |
Is McCann Close to a Deal with UBS? Bloomberg is reporting that Bob McCann, the former head of Merrill Lynch's brokerage unit, is nearing a deal with his old employer that will allow him to take a job running UBS's wealth management unit. |
Registered Rep.
March 9, 2009
David A. Geracioti |
Trust An Advisor? The fallout from Bernie Madoff's alleged fraud on the financial advisory business might not disappear for a long while. |
Registered Rep.
December 1, 2004
David A. Gaffen |
Meet the New Boss, Different From the Old Boss November's news that Bob Mulholland was leaving Merrill Lynch wasn't entirely a surprise. He had been co-head of the 14,000-strong retail brokerage unit, but Merrill insiders figured all along that only one boss would prevail. |
Registered Rep.
December 12, 2006
Halah Touryalai |
Smith Barney Pay Package: Perks Balance Cuts? This week, Smith Barney will become the first firm to make a change to its payout grid as a result of the securities industry's recent battle over broker overtime pay and so-called chargebacks. |
BusinessWeek
September 5, 2005
Mara Der Hovanesian |
Chuck Prince's Citi Planning Citigroup's CEO has a strategy for the financial giant. Those who don't like it can quit. |
Registered Rep.
December 1, 2002
David A. Gaffen |
Light A Candle, or Curse the Darkness For brokers and financial advisors, 2002 may be remembered as the year in which those who knew they had the right stuff redoubled their efforts to elevate their skills and become the kind of advisors who could survive the bear market and build a 21st century practice. |
BusinessWeek
November 12, 2007
Der Hovanesian & Thornton |
For Prince, the Pressure Builds The swift departure of Merrill Lynch's CEO is fueling dissent against Citi's chief. |
Registered Rep.
June 1, 2005
John Churchill |
Wall Street's Big Curtain Call How baby boomer brokers move into retirement over the next 10 to 15 years will change the face of the industry in many ways. |
