Salomon Smith Barney Inc. (New York)


Salomon Smith Barney Inc. is a large advisory firm based in New York. It manages $150.86 billion of regulatory assets for 643,604 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arkansas, and 41 other states.

Salomon Smith Barney provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.

Salomon Smith Barney: assets under management

The assets under management (AUM) of Salomon Smith Barney Inc. is $150.86 billion. The firm's AUM has gone down by -7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $118.45 billion in discretionary accounts and $32.41 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $233.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $235.93 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Salomon Smith Barney Inc. for their services and products based on a percentage of assets under management, fixed fees, commissions, and performance-based fees. 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 Salomon Smith Barney Inc.

Deryck Charles Maughan has been acting as President since 1 Nov 1998. Charles O Iii Prince joined the executive team most recently as the Chairman, Ceo, Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Paul Underwood Vice-chairman 1 Jul 1991 Other 451634
Kevin Leo Murphy Srop 1 Mar 1994 Other 1146644
Michael Fred Rosenbaum General counsel - smith barney asset management, managing director - salomon smith barney inc. 1 Jul 1995 Other xxx-xx-xxxx
Virginia A Sordipreite Crop 1 Sep 1995 Other 2007039
Cynthia Ann Armine Compliance director 1 Oct 1995 Other 1049066
Thomas Wade Jones Chairman & ceo - smith barney asset management 1 Aug 1997 Other xxx-xx-xxxx
Virgil Howard Cumming Managing director - salomon smith barney, chief investment officer - smith barney asset management 1 Aug 1997 Other xxx-xx-xxxx
Thomas Gus Maheras Vice-chairman 1 Nov 1997 Other 1290637
Eduardo Goar Mestre Vice-chairman 1 Nov 1997 Other 849190
Salomon Brothers Holding Company Shareholder 1 Sep 1998 75% - 100% 13-3082695
Michael Alan Carpenter Chairman, ceo, director 1 Nov 1998 Other 1703107
Deryck Charles Maughan Director 1 Nov 1998 Other 704558
Joan Guggenheimer General counsel 1 Dec 1998 Other 1456088
Wendy Jean Murdock Chief operating officer for retail asset management - smith barney asset management 1 Dec 1998 Other xxx-xx-xxxx
Michael Fred Rosenbaum General counsel - citigroup asset management; managing director - salomon smith barney inc. 1 Dec 1998 Other xxx-xx-xxxx
Christopher Michael Robinson Chief administrative officer - smith barney asset management 1 Mar 1999 Other xxx-xx-xxxx
Michael Joseph Day Controller 1 Jun 2000 Other xxx-xx-xxxx
Anthony Peter Jr Cieszko Managing director - salomon smith barney inc.; head of u.s. retail and high net worth asset mgmt. - citigroup asset management 1 Jul 2000 Other 1158003
Jay Phillip Mandelbaum Vice chairman 1 Aug 2000 Other 2478764
Frank J Bisignano Chief administrative officer, sr. executive vice president 1 Oct 2000 Other 2484837
Robert Locke Battel Managing dir., - salomon smith barney, sr. portfolio mgr. - smith barney asset mgmt., coo - global institutional asset mgmt. 1 Oct 2000 Other xxx-xx-xxxx
Andrew Beagley Director of compliance, north america 1 Nov 2000 Other xxx-xx-xxxx
Michelle Marie Morgan Crop 1 Jun 2001 Other 2413332
Thomas Wade Jones Chairman and ceo - citigroup asset management 1 Jul 2001 Other xxx-xx-xxxx
Virgil Howard Cumming Chief investment officer, global retail & high net worth - citigroup asset mgmt; managing director - salomon smith barney inc. 1 Jul 2001 Other xxx-xx-xxxx
Evan Merberg Managing director - salomon smith barney; chief administrative officer - citigroup asset management 1 Aug 2001 Other xxx-xx-xxxx
A Rama Krishna Chief investment officer - institutional investments - citigroup asset management 1 Oct 2001 Other xxx-xx-xxxx
Marcy Engel General counsel 1 Nov 2001 Other 1666825
Richard Salvatore Speziale Chief financial officer - salomon smith barney inc. 1 May 2002 Other 1192739
Waldron Thomas Matthews Vice chairman 1 Aug 2002 Other 803899
Robert Allan Druskin President, chief operating officer 1 Aug 2002 Other 827763
Charles O Iii Prince Chairman, ceo, director 1 Nov 2002 Other 2544758
Robert Allan Druskin Director 1 Nov 2002 Other 827763

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Citigroup Inc. 100% shareholder 1 Nov 1997 75% - 100% 52-1568099
Salomon Smith Barney Holdings Inc. 100% shareholder 1 Sep 1998 75% - 100% 22-1660266

Based in New York

The principal office where Salomon Smith Barney Inc. performs its advisory services is located at 399 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Wilmington, DE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (800) 691-6959 or by fax (212) 793-1077. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at www.smithbarney.com.

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