Citigroup Investment Advisory Services Inc. (New York)


Citigroup Investment Advisory Services Inc. is a large advisory firm based in New York. It manages $5.65 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2005.

Citigroup Investment Advisory Services provides portfolio management for investment companies, pension consulting services, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Citigroup Investment Advisory Services: assets under management

The assets under management (AUM) of Citigroup Investment Advisory Services Inc. is $5.65 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $5.65 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $513.64 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Citigroup Investment Advisory Services Inc. for their services and products based on a percentage of assets under management. 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.

Careers at Citigroup Investment Advisory Services Inc.

Laurie Ann Hesslein has been acting as President since 1 Sep 2005. Morgan Stanley Smith Barney Holdings Llc joined the executive team most recently as the Member.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Citigroup Financial Products Inc. 100% shareholder 1 Sep 2005 75% - 100% 11-2418191
Paul Martin Hatch Director, chairman, ceo 1 Sep 2005 Other 1350155
Laurie Ann Hesslein Director 1 Sep 2005 Other 1158755
Anne Louise Gray Managing director and chief administrative officer 1 Sep 2005 Other 1779722
Kunal Sham Kamlani Managing director, cfo, controller, assistant treasurer 1 Sep 2005 Other 4925760
Robert Jay Mandel Director, secretary, chief legal officer 1 Sep 2005 Other 5039411
Norman Edward Nabham President 1 Sep 2005 Other 344368
Andrew John Baldauf Director and chief compliance officer 1 Sep 2005 Other 1554676
Scott Howard Friedenrich Treasurer 1 Sep 2005 Other 2187981
Leroy Thayer Pease Senior vice president 1 Sep 2005 Other 2749653
Norman Edward Nabhan President 1 Sep 2005 Other 344368
Kunal Kamlani Managing director, cfo, controller, assistant treasurer 1 Sep 2005 Other 4925760
Robert Mandel Director, secretary, chief legal officer 1 Sep 2005 Other 5039411
Scott H Friedenrich Treasurer 1 Sep 2005 Other 2187981
James Joseph Tracy Executive vice president 1 Mar 2006 Other 1005601
James Francis Walker Chief financial officer 1 Dec 2006 Other 1377740
James Joseph Tracy Board of director, chairman, ceo 1 Aug 2007 Other 1005601
Dominic Francis Maurillo Coo 1 Mar 2008 Other 2192204
Paul Francis Gallagher Secretary & chief legal officer 1 Jul 2008 Other 1411829
Morgan Stanley Smith Barney Holdings Llc Member 1 May 2009 75% - 100% 26-4310632

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Citigroup Inc. 100% shareholder 1 Nov 1997 75% - 100% 52-1568099
Morgan Stanley Shareholder 1 May 1998 75% - 100% 36-3145972
Citigroup Global Markets Holdings Inc. 100% shareholder 1 Sep 1998 75% - 100% 11-2418067
Citigroup Financial Products Inc. Shareholder 1 Sep 1998 75% - 100% 13-2340203
Morgan Stanley & Co. Incorporated Member 1 Feb 2009 50% - 75% 8209
Citigroup Global Markets Inc. Member 1 Feb 2009 25% - 50% 7059

Based in New York

The principal office where Citigroup Investment Advisory Services Inc. performs its advisory services is located at 787 7 Th Avenue, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in Wilmington, DE. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 212.783.2450 or by fax 212.783.3042. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday.