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

Featured video

INTV

Vanguard's Joe Davis: Prepare for lower expected returns

The next five years will be more challenging for the markets than the past five, according to Joe Davis, global chief economist at Vanguard. Here's why it's more important than ever to stay reasonable with return expectations and stick to the plan.

Video Spotlight

Are Your Clients Prepared For Market Downturns?

Sponsored by Prudential

Recommended Video

Path to growth

Latest news & opinion

HighTower faces pressure to let investors cash out

After an IPO planned for last year didn't happen, the company could opt to satisfy its backers with a sale.

Envestnet to buy FolioDynamix

The deal, which is expected to close in the first quarter of 2018, will bring the total assets Envestnet works with to almost $2 trillion.

Jerry Schlichter's fee lawsuits have left an indelible mark on the 401(k) industry

After a decade of litigation, fees are lower and retirement plans are more transparent. But have the lawsuits gone too far?

10 best financial adviser jokes

How many financial advisers does it take to screw in a lightbulb?

With margins crashing, broker-dealers look to merge: report

Increased regulation is straining profit margins among broker-dealers, sending many of them into the arms of their bigger brethren.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print