Salomon Smith Barney Inc. (New York)

Name: Salomon Smith Barney Inc.
Address: 399 Park Avenue, New York, NY, 10022
Telephone: (800) 691-6959

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. The adviser charges an additional fee when a set benchmark is outperformed. 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.