Wirehouse snapshot: Q3 2011

OCT 19, 2011
By  mlanche
  

Financial advisers

Wirehouse Q3 2011 % change vs. Q4 2010 % change vs. Q3 2010
Bank of America Merrill Lynch 16,722 7.8% 8.0%
Morgan Stanley Smith Barney 17,2911 -4.2% -4.6%
Wells Fargo Advisors 15,188 -0.3% 1.0%
UBS Wealth Management, Americas 6,913 1.7% 1.9%
Total 56,114    

Client assets

Wirehouse Q3 2011 % change vs. Q4 2010 % change vs. Q3 2010
Bank of America Merrill Lynch $1,452.1 -4.2% -1.0%
Morgan Stanley Smith Barney $1,564.0 -6.3% -2.4%
Wells Fargo Advisors $1,100.0 -4.3% 3.1%
UBS Wealth Management, Americas $686.0 -7.0% -7.7%
Total $4,802.1    

Average assets per rep

Wirehouse Q3 2011 % change vs. Q4 2010 % change vs. Q3 2010
Bank of America Merrill Lynch $86.8 -11.1% -8.3%
Morgan Stanley Smith Barney $90.5 -2.2% 2.2%
Wells Fargo Advisors $72.4 -4.0% 2.1%
UBS Wealth Management, Americas $99.2 -8.6% -9.4%
Total $348.9    

Financial adviser productivity2

Wirehouse Q3 2011 % change vs. Q4 2010 % change vs. Q3 2010
Bank of America Merrill Lynch $892.0 -2.3% 5.4%
Morgan Stanley Smith Barney $747.0 0.7% 8.9%
Wells Fargo Advisors N/A N/A N/A
UBS Wealth Management, Americas N/A N/A N/A
1Global representatives. 2Total revenue divided by the total number of financial advisors. N/A=not available. Source: Q3 Financial Statements

Latest News

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.