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Updated September 23, 2026. Quick answer: Citi Personal Wealth Management is registered with the SEC as both a broker-dealer and an investment adviser. Per its own current fee brochure, a $500,000 account would run up to $10,000 a year (the published maximum, which the firm says is negotiable) under its published fee schedule; the minimum to open an account is $25,000 to $10,000,000 for CGMI advisory programs offered to Citi Personal Wealth Management clients (Fiduciary Services, MACS Citi Active Allocation, Citi Advisor, Citi Portfolio Manager, Dynamic Allocation Portfolios-UMA), depending on strategy. Already a client and thinking about leaving? Budget $95 per account, the same figure printed twice under two names. Is it a fiduciary? Yes, when it is acting as your investment adviser; when the same representative acts as your broker-dealer instead, the applicable standard is best-interest, not fiduciary, and its own Form CRS states representatives can earn commissions in that capacity.
Citi Personal Wealth Management at a glance
| Fact | What Citi Personal Wealth Management’s own pages say |
|---|---|
| Legal entity | Citigroup Global Markets Inc. |
| Registration | Citigroup Global Markets Inc. is registered with the SEC as both a broker-dealer and an investment adviser. |
| Fee on a $500,000 account | Up to $10,000 a year (the published maximum, which the firm says is negotiable), per its own current brochure |
| Minimum to open an account | $25,000 to $10,000,000 for CGMI advisory programs offered to Citi Personal Wealth Management clients (Fiduciary Services, MACS Citi Active Allocation, Citi Advisor, Citi Portfolio Manager, Dynamic Allocation Portfolios-UMA), depending on strategy |
| Cost to leave (exit fee) | $95 per account, the same figure printed twice under two names |
What Citi Personal Wealth Management’s own fee schedule charges
“We updated the standard fee schedule for the CGMI investment advisory programs described in this brochure. CGMI charges an annualized, fixed asset-based fee (“CGMI fee”) of up to 2% that is negotiable based on a number of factors. … CPWM clients are eligible to participate in the following Programs: Fiduciary Services Program, Consulting and Evaluation Services Program, Multi-Asset Class Solutions Program … Citi Advisor Program, Citi Portfolio Manager Program, Dynamic Allocation Portfolios – UMA Program, Model Allocations Portfolios Program.”
CGMI discloses a single individually-negotiated maximum (‘up to 2%’) applied to the whole account balance across all of the CGMI advisory programs available to Citi Personal Wealth Management (CPWM) clients, with no fixed dollar minimum fee disclosed in this brochure. dollar_at = balance x 0.02 at each of the four balances (e.g., $500,000 x 0.02 = $10,000). CPWM’s flagship discretionary program, Fiduciary Services (FS), is the one CGMI’s own text says CPWM clients pay the highest CGMI fee rate for (relative to the private-bank/Wealth-at-Work equivalent MSP program), so 2.00% is not a theoretical edge case for this segment.
| Account balance | Annual fee |
|---|---|
| $250,000 | $5,000 |
| $500,000 | $10,000 |
| $1,000,000 | $20,000 |
| $2,000,000 | $40,000 |
See the full breakdown, including how the figure is calculated, on Citi Personal Wealth Management’s own fee page.
Is Citi Personal Wealth Management a fiduciary?
Citigroup Global Markets Inc. is registered with the SEC as both a broker-dealer and an investment adviser.
“When we provide you with a recommendation as your broker-dealer or act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
Our financial professionals also receive a portion of their compensation based, in part, on the fees or commissions that you pay for our services.
Full detail, including the exact registration type and source: Citi Personal Wealth Management’s fiduciary status, explained.
The minimum to open an account
“Fiduciary Services Program – $50,000 … Multi-Asset Class Solutions Program … MACS Citi Active Allocation – $25,000 (Standard), $100,000 (Tax Aware – ETF only, Sustainable Opportunities and Global Opportunities), $750,000 (Tax Aware – SMAs and ETFs) $1,000,000 (Core), and $10,000,000 (Custom) … Citi Advisor Program – $100,000 … Citi Portfolio Manager Program – $25,000 … Dynamic Allocation Portfolios – UMA Program – $25,000”
$25,000 to $10,000,000 for CGMI advisory programs offered to Citi Personal Wealth Management clients (Fiduciary Services, MACS Citi Active Allocation, Citi Advisor, Citi Portfolio Manager, Dynamic Allocation Portfolios-UMA), depending on strategy. See the full minimum-investment breakdown, including what that minimum would cost per year, on Citi Personal Wealth Management’s minimum investment page.
What it costs to leave
Citi Personal Wealth Management prices the outgoing account transfer at $95, and separately lists a $95 Termination Fee (Retirement) as its own IRA line: the same number, printed twice, under two different names.
Full mechanics, sources, and the ACATS transfer process: how to leave Citi Personal Wealth Management.
What we would compare it against
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Source: WiserAdvisor’s service descriptionSources
- Citigroup Global Markets Inc. Investment Advisory Programs (Form ADV Part 2A brochure covering Citi Private Bank, Citi Global Wealth at Work, and Citi Personal Wealth Management) (March 25, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028021
- Citigroup Global Markets Inc. Client Relationship Summary (June 30, 2026): https://reports.adviserinfo.sec.gov/crs/crs_7059.pdf
- SEC Investment Adviser Public Disclosure, Citigroup Global Markets Inc. (CRD #7059): https://adviserinfo.sec.gov/firm/summary/7059
- Citigroup Global Markets Inc., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/7059/PDF/7059.pdf
Methodology. This page was built September 23, 2026, drawing directly on Citi Personal Wealth Management’s own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary, minimum-investment, and (where one exists) how-to-leave pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Citi Personal Wealth Management’s own Form ADV Part 2A and Form CRS. We have not used Citi Personal Wealth Management as a client. Citi Personal Wealth Management did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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