Wirehouse snapshot: Q2 2011
Financial advisers Wirehouse Q2 2011 % change vs. Q4 2010 % change vs. Q2…
Financial advisers
| Wirehouse | Q2 2011 | % change vs. Q4 2010 | % change vs. Q2 2010 |
|---|---|---|---|
| Bank of America Merrill Lynch | 16,241 | 4.7% | 6.2% |
| Morgan Stanley Smith Barney | 17,638* | -2.2% | -2.5% |
| Wells Fargo Advisors | 15,194 | -0.3% | 1.0% |
| UBS Wealth Management, Americas | 6,862 | -1.7% | -1.2% |
| Total | 55,935 | ||
| *Global representatives | |||
Client assets
| Wirehouse | Q2 2011 ($ in billions) | % change vs. Q4 2010 | % change vs. Q2 2010 |
|---|---|---|---|
| Bank of America Merrill Lynch | $1,539.8 | 1.6% | 9.8% |
| Morgan Stanley Smith Barney | $1,709.0 | 2.4% | 13.9% |
| Wells Fargo Advisors | $1,200.0 | 4.3% | 13.6% |
| UBS Wealth Management, Americas | $694.0 | -6.0% | -6.5% |
| Total | $5,142.80 |
Average assets per rep
| Wirehouse | Q2 2011 ($ in millions) | % change vs. Q4 2010 | % change vs. Q2 2010 |
|---|---|---|---|
| Bank of America Merrill Lynch | $94.8 | -3.0% | 3.4% |
| Morgan Stanley Smith Barney | $96.9 | 4.7% | 16.8% |
| Wells Fargo Advisors | $79.0 | 4.6% | 12.5% |
| UBS Wealth Management, Americas | $103.9 | -4.4% | -5.4% |
| Total | $374.5 |
Financial adviser productivity*
| Wirehouse | Q2 2011 ($ in thousands) | % change vs. Q4 2010 | % change vs. Q2 2010 |
|---|---|---|---|
| Bank of America Merrill Lynch | $894.0 | -2.1% | 6.0% |
| Morgan Stanley Smith Barney | $785.0 | 5.8% | 15.6% |
| Wells Fargo Advisors | N/A | N/A | N/A |
| UBS Wealth Management, Americas | N/A | N/A | N/A |
*Total revenue divided by the total number of financial advisors. N/A=not available.
Source: Q2 Financial Statements
Learn more about reprints and licensing for this article.
