Michael Schwartz
Michael Schwartz is a registered investment advisor at Citigroup Global Markets INC., based in New York, NY, with 30 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 56,938 clients with $47B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
CGMI offers various investment advisory programs with different fee structures. The CGMI fee is an annualized, fixed, asset-based fee of up to 2% that is negotiable based on a number of factors. Clients may also pay separate fees to third-party investment managers, generally ranging from 0.05% to 1.00% depending on the asset class and investment style. These fees do not include additional charges such as wire transfer fees, taxes, or brokerage commissions for trades executed outside of CGMI or Clearing Firm.
Location
Citi Private Bank, 153 East 53rd St., 24th, 25th Fls, New York, NY, 10022
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Michael sets up appointments for prospective clients interested in Vivent Solar, a renewable energy company, dedicating minimal time. He is also a partial owner of Proactive Speech and Language PC, providing speech therapy, and performs minimal clerical duties.
Employment History
Current Registrations
Citigroup Global Markets INC.
Citi Private Alternatives, LLCBroker
Citigroup Global Markets INC.Broker
Citi Private Alternatives, LLC
Citigroup Global Markets INC.
Previous Registrations
Citi Global Advisory, LLC
J.P. Morgan Securities LLCBroker
Morgan StanleyBroker
Citigroup Global Markets INC.Broker
Citicorp Investment ServicesBroker
TD Waterhouse Investor Services, INC.Broker
Bull & Bear Securities, INC.Broker
Kensington Wells IncorporatedBroker
State Registrations53 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.