The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Citi and Legg Mason Come to a New Agreement Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, September 19, 2007

Citi and Legg Mason Come to a New Agreement

by: Erin Kello

A month and a half after reports surfaced that the Citigroup-Legg Mason distribution pact had hit a snag, there has been a renegotiation of the deal. In today's WSJ FundTrack, Tom Lauricella reports that under the new agreement,Citi's brokerage arm, Smith Barney, will retain the exclusive right to sell Legg's funds direct to retail investors for commission. However, Legg will now have the option to peddle its funds though other brokerage firms in fee-based accounts. The former selling agreement was negotiated as part of the 2005 swap, where Legg took Citi's money management arm and in turn Citi moved Legg's 1,200 brokers to its Smith Barney division.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use