Citicorp Investment Services (Long Island City)


Citicorp Investment Services is a large advisory firm based in Long Island City. It manages $1.78 billion of regulatory assets for 6,895 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Citicorp Investment Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and market timing services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Citicorp Investment Services: assets under management

The assets under management (AUM) of Citicorp Investment Services is $1.78 billion. The company doesn't manage any assets belonging to foreign clients.

The firm manages $1.54 billion in discretionary accounts and $236.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $414.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $74.82 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Citicorp Investment Services for their services and products based on a percentage of assets under management and fixed 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 Citicorp Investment Services

Malik Saeed Sarwar has been acting as President since 1 Sep 2003. David J Hinman joined the executive team most recently as the President And Chairman.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Citibank N.A. Sole shareholder 1 Dec 1988 75% - 100% 13-5266470
Citibank West Holdings Inc Sole shareholder 1 Dec 1988 75% - 100% 13-3012736
Barbara Wolfson Director of cis board - director of operations 1 Jun 1994 Other 833847
Roberta Mercedes Kilkenny Treasurer 1 Mar 1999 Other 2425698
Scott Elliot Schroeder Corporate compliance director 1 Sep 2000 Other 2741915
Donna Ross Daniels General counsel 1 Oct 2000 Other 2457651
William John Jr Maguire President - chairman of the board 1 Jul 2001 Other 2040885
Edward Grant Watson Director of cis board 1 Jul 2001 Other 2207210
Anthony Lawrence Fedele Chief operations officer 1 Jul 2001 Other 1898318
Maura Marcus Director of cis board 1 Jul 2001 Other 430985
Steven Eliot Friedberg Director of cis board 1 Oct 2001 Other 1457712
Keenlya Evette Mccargo Crop 1 Nov 2001 Other 1833767
Dominick John Jr Angione Srop 1 Nov 2001 Other 1260456
John Carlton Mallett Chief financial officer 1 Dec 2001 Other 1569049
Christine Durmer Corporate compliance director 1 Jun 2002 Other 1940708
Edward Joseph Munin National sales director 1 Sep 2003 Other 1256543
Malik Saeed Sarwar President 1 Sep 2003 Other 1900500
John Thomas Tubman Investment advisor compliance officer 1 Oct 2004 Other 1412675
John Baumgartner General counsel 1 Jan 2005 Other xxx-xx-xxxx
John Thomas Tubman Chief compliance officer 1 Jun 2005 Other 1412675
David J Hinman President and chairman 1 Dec 2005 Other 2712080
Carol Annette Henrynicoll Crop 1 Dec 2005 Other 2228729

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Citicorp Sole shareholder 1 Oct 1998 75% - 100% 06-1515595
Citigroup Holdings Company Sole share holder 1 Dec 1999 75% - 100% 06-1551348
Citigroup Inc. Sole shareholder 1 Dec 1999 75% - 100% 13-2614988
Citicorp Banking Corporation Sole shareholder 1 Feb 2003 75% - 100% 13-3012736
Citibank West Bancorp Inc. Sole shareholder 1 Feb 2003 75% - 100% 45-0480800
Citibank (West) Bancorp Inc. Sole shareholder 1 Feb 2003 75% - 100% 45-0480800

Based in Long Island City

The principal office where Citicorp Investment Services performs its advisory services is located at 1 Court Square 24 Th Floor, Long Island City, NY 11120, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 718-248-0903 or by fax 718-248-6123. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at cititrade.com.