Not even close Citigroup choose to discontinue there discount brokerage unit and convert all bank brokers to Smith Barney as they did not want to compete with BOA and Well Fargo offers. Smith Barney and Citibank and going after wealthy people who want full service accounts. In my opinion this move was intended to make small non profitable brokerage account close there accounts and go else where.

Citigold Reserved requires $500k assets between Citibank and Smith Barney. Only extra benefits it gives over standard Citigold is ATM rebates, 1 year annual fee waiver on Citi Chairman Card, Free brokerage Quicken access waiver($4.95 monthly otherwise), Free non standard checks orders ie Free Laser Voucher Checks if you want, Free outgoing Fed Wires, Free Citi Global Transfer and no annual fee on brokerage account or min trading revenue at all because of as March 1st all brokerage account with less than $500k in assets will be subject to $45 annual fee per account or max $100 per household.