|Firm||# of retail offices||Producing reps||% chg vs. 2010||Client assets ($M)||% chg vs. 2010||Total client accounts1||% chg vs. 2010|
|Ameriprise Financial Inc.||149||1,999||-2.4%||$49,397.5||4.1%||365,418||-3.1%|
|Janney Montgomery Scott||96||721||6.1%||$48,400.0||-3.6%||302,600||-4.3%|
|Merrill Lynch & Co. Inc.||704||16,722||8.0%||$1,452,000.0||-1.0%||3,344,6622||6.9%|
|Morgan Stanley Smith Barney||772||17,291||-4.6%||$1,560,000.0||-2.5%||N/A||N/A|
|Raymond James & Associates||221||1,096||1.3%||$85,100.0||4.4%||498,000||5.1%|
|RBC Wealth Management||200||2,000||-4.8%||$168,000.0||-2.9%||349,000||-6.2%|
|Southwest Securities Inc.||19||164||-17.6%||$8,266.5||-10.5%||43,287||-3.3%|
|Wells Fargo Advisors||4,300||15,188||N/A||$1,100,000.0||3.1%||25,630,465||3.6%|
|As of Sept. 30. N/A = not available, N/D = not disclosed. All information was supplied by the firms. Davenport & Co., Morgan Keegan, Scott and Stringfellow, Strene Agee, Wedbush Securities and UBS Wealth Management Americas did not participate in the survey. 1Includes active and inactive accounts. 2Active accounts only. Source: 3Q 2011 financial statements, InvestmentNews|
The largest national and regional brokerages
Dec 25, 2011 @ 12:01 am
Technology reporter Ryan Neal talks about the tremendous progress in artificial intelligence in other industries, and how its applications are slowly making headway in the advice sector.
Latest news & opinion
We sifted through the nearly 1,000-page proposal and picked out some of the most important points.
75-year-old owner Arthur Grant positions the IBD for the 'next 33 years.'
The proposed rule puts new restrictions on brokers, but it is still unclear how strongly the SEC is clamping down.
Commission says a lot of work ahead, public will have 90 days to comment.
Chairman Jay Clayton will initiate momentous action Wednesday, as the commission meets to debate a rule on broker and adviser standards.