Wirehouse rankings: Avg. assets per rep
With Morgan Stanley, Bank of America, Wells Fargo and UBS all reporting their second quarter earnings, new data is now available on each of their wealth management businesses.
Morgan Stanley Smith Barney still boasts the largest brokerage force in the business with its 17,638 reps and adviser and $1.7 trillion in client assets.(See related chart.) But individually, which wirehouse's reps advise on the most assets? A clear #1 has emerged.