Wirehouse snapshot: Q3 2012
Financial advisers Wirehouse 3Q 2012 % change vs. 2Q…
Financial advisers
| Wirehouse | 3Q 2012 | % change vs. 2Q 2012 | % change vs. 3Q 2011 |
|---|---|---|---|
| Bank of America Merrill Lynch | 17,533 | 0.0% | 2.6% |
| Morgan Stanley Smith Barney* | 16,829 | -0.6% | -4.7% |
| Wells Fargo Advisors | 15,167 | 0.0% | 0.0% |
| UBS Wealth Management, Americas | 7,032 | 0.2% | 1.7% |
| Total | 56,561 |
Client assets ($ in billions)
| Wirehouse | 3Q 2012 | % change vs. 2Q 2012 | % change vs. 3Q 2011 |
|---|---|---|---|
| Bank of America Merrill Lynch | $1,863.9 | 3.4% | 10.5% |
| Morgan Stanley Smith Barney | $1,768.0 | 3.6% | 13.8% |
| Wells Fargo Advisors | $1,200.0 | 4.2% | 12.4% |
| UBS Wealth Management, Americas | $875.0 | 4.4% | 15.6% |
| Total | $5,706.9 |
Average assets per rep ($ in millions)
| Wirehouse | 3Q 2012 | % change vs. 2Q 2012 | % change vs. 3Q 2011 |
|---|---|---|---|
| Bank of America Merrill Lynch | $106.3 | 3.4% | 7.8% |
| Morgan Stanley Smith Barney | $105.1 | 4.2% | 19.5% |
| Wells Fargo Advisors | $79.1 | 4.2% | 12.4% |
| UBS Wealth Management, Americas | $124.4 | 4.3% | 13.6% |
| Overall average | $100.9 |
Financial adviser productivity** ($ in thousands)
| Wirehouse | 3Q 2012 | % change vs. 2Q 2012 | % change vs. 3Q 2011 |
|---|---|---|---|
| Bank of America Merrill Lynch | $910.0 | -0.5% | -1.2% |
| Morgan Stanley Smith Barney | $790.0 | 1.9% | 9.1% |
| Wells Fargo Advisors | N/A | N/A | N/A |
| UBS Wealth Management, Americas | N/A | N/A | N/A |
* Global respresentatives **Total revenue divided by the total number of financial advisors. N/A=not available.
Source: Financial Statements
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