The timeline below represents the history of this business until it became a part of the Citigroup family.
The Smith Barney story dates back to 19th century Philadelphia, where a young broker, Charles Barney, founded his firm in 1873 and a young investment banker, Edward B. Smith, started his in 1892. These pioneers of the American securities industry helped make Wall Street the world's financial capital.
Today Smith Barney's nearly 12,400 Financial Consultants serve more than 7.5
million client accounts representing nearly $900 billion in client assets.
Charles Barney, a stockbroker, founds Charles D. Barney & Co.
Investment banker Edward Smith founds Edward B. Smith & Co.
Arthur, Herbert and Percy Salomon found Salomon Brothers & Co. and partner with Morton Hutzler & Co. to become Salomon Brothers & Hutzler.
Charles D. Barney & Co. and Edward B. Smith & Co. merge, forming Smith Barney & Co.
The Hutzler name is dropped and the firm becomes Salomon Brothers, Inc.
Smith, Barney & Co. merges with Harris, Upham & Co. to form Smith Barney, Harris Upham
Smith Barney, Harris Upham & Co. Inc. is acquired by Primerica, a publicly held financial services corporation.
July: Primerica acquires the retail brokerage and asset management operations of Shearson Lehman Brothers, and combines them with Smith Barney.
December 31: Smith Barney becomes a wholly owned subsidiary of Travelers Group (formed by the acquisition of The Travelers by Primerica).
Smith Barney Holdings Inc., the brokerage arm of Travelers Group, is combined with Salomon Inc. to form Salomon Smith Barney Holdings Inc.
October 8: All Citicorp and Travelers Group divisions merge to become Citigroup Inc.
Smith Barney is a division of Citigroup Global Markets Inc, member NASD,