A Comparison of The Industry’s Big Four Financial Services Firms
From the Desk of Jim Eccleston at Eccleston Law Offices:
During the third quarter of 2013, compared to the same period last year, the number of financial advisors at Morgan Stanley Wealth Management fell 1.9% to 16,517, client assets rose 9.5% to $1,825 billion, and average assets per rep climbed 11.4% to $110.4 million.
During the third quarter of 2013, compared to the same period last year, the number of financial advisors at Bank of America Merrill Lynch declined 6.8% to 15,624, client assets rose 7.1% to $1,854 billion, and average assets per rep climbed 14.9% to $118.7 million.
During the third quarter of 2013, compared to the same period last year, the number of financial advisors at Wells Fargo Advisors kept flat at 15,167, client assets rose 10% to $1,200 billion, and average assets per rep climbed 1.0% to $79.1 million.
During the third quarter of 2013, compared to the same period last year, the number of financial advisors at UBS Wealth Management Americas increase 1.5% to 7,137, client assets rose 2.2% to $969 billion, and average assets per rep climbed 0.7% to $135.8 million.
The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.
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