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Which are the largest national and regional brokerages?

Firm # of retail offices Producing reps % chg vs. 2011 Client assets ($M) % chg vs. 2011…

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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