Which are the largest national and regional brokerages?

Dec 23, 2012 @ 12:01 am

Firm # of retail offices Producing reps % chg vs. 2011 Client assets ($M) % chg vs. 2011 Total client accounts1 % chg vs. 2011
Ameriprise Financial Inc. 149 2,062 3.2% $61,133.8 23.8% 348,328 -4.7%
Hilliard Lyons 70 400 0.0% $31,000.0 4.7% 172,000 -2.1%
Janney Montgomery Scott 103 736 2.1% $55,500.0 14.7% 311,800 3.0%
Merrill Lynch 693 16,076 0.1% $1,604,000.0 10.5% 2,092,1132 5.3%
Morgan Stanley Wealth Management 727 16,829 -2.7% $1,768,000.0 13.3% N/D N/A
Raymond James & Associates3 239 1,861 69.8% $169,537.3 99.2% 1,040,015 108.8%
RBC Wealth Management 200 2,000 0.0% $188,000.0 11.9% 778,000 122.9%
Robert W. Baird & Co. 74 691 0.4% $73,007.84 5.7% 297,195 3.2%
Scott & Stringfellow 37 236 -2.1% $20,801.4 13.6% 94,333 -4.6%
Southwest Securities Inc. 19 167 1.8% $9,567.0 15.7% 35,633 -17.7%
Stifel Nicolaus 306 1,886 4.7% $130,600.0 21.3% 826,000 21.2%
Wells Fargo Advisors 1,360 15,167 -0.1% $1,200,000.0 9.1% 26,710,853 4.2%
As of September 30, 2012. N/D = not disclosed. N/A = not available. All information was supplied by the firms. Benjamin F. Edwards & Co. Boenning & Scattergood, D.A. Davidson & Co., Davenport & Co., Edward Jones, Sterne Agee, UBS Wealth Management, Americas and Wedbush Securities Inc. did not participate in the survey. 1Includes active and inactive accounts 2Number of active relationships/households 3Raymond James & Associates acquired Morgan Keegan in April 2012. All figures reflect acquisition. 4As of June 30. Source: InvestmentNews Data

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