| Rank | Firm | Total AUM ($M) |
|---|---|---|
| 1 | Morgan Stanley Smith Barney LLC | $329,704.6 |
| 2 | Merrill Lynch Pierce Fenner & Smith Inc. | $321,411.0 |
| 3 | Wells Fargo Advisors LLC | $220,584.9 |
| 4 | UBS Financial Services Inc. | $185,299.7 |
| 5 | Ameriprise Financial Services Inc. | $103,385.3 |
| 6 | LPL Financial LLC | $83,580.2 |
| 7 | RBC Capital Markets LLC | $44,597.8 |
| 8 | William Blair & Co. LLC | $43,968.0 |
| 9 | Robert W. Baird & Co. Inc. | $39,514.3 |
| 10 | Raymond James & Associates Inc. | $38,307.6 |
| 11 | Commonwealth Financial Network | $27,738.0 |
| 12 | Citigroup Global Markets Inc. | $21,244.0 |
| 13 | Wells Fargo Advisors Financial Network LLC | $20,235.9 |
| 14 | Stifel Nicolaus & Co. Inc. | $15,904.1 |
| 15 | Credit Suisse Securities LLC | $14,573.1 |
| 16 | Moneta Group Investment Advisors LLC | $11,006.6 |
| 17 | Janney Montgomery Scott LLC | $10,911.9 |
| 18 | Financial Network Investment Co. | $10,297.0 |
| 19 | Morgan Keegan & Co. Inc. | $9,652.2 |
| 20 | Denver Investments | $9,397.9 |
| 21 | Axa Advisors LLC | $9,090.3 |
| 22 | NFP Securities Inc. | $8,009.0 |
| 23 | Lincoln Financial Advisors Co. | $7,655.5 |
| 24 | Waddell & Reed Inc. | $7,593.2 |
| 25 | Edelman Financial Services LLC | $7,106.1 |
| 26 | D.A. Davidson & Co. | $6,167.1 |
| 27 | Oppenheimer & Co. Inc. | $6,011.7 |
| 28 | Suntrust Investment Services Inc. | $5,860.4 |
| 29 | First Command Financial Planning Inc. | $5,732.4 |
| 30 | Thrivent Investment Management Inc. | $4,777.9 |
| 31 | Davenport & Co. LLC | $4,714.9 |
| 32 | Tiaa-Cref Advice and Planning Services | $4,582.3 |
| 33 | Metlife Securities Inc. | $4,547.2 |
| 34 | ING Financial Partners Inc | $4,338.5 |
| 35 | National Planning Co. | $4,166.7 |
| 36 | Park Avenue Securities LLC | $3,973.8 |
| 37 | Scott & Stringfellow LLC | $3,863.2 |
| 38 | J.J.B. Hilliard W.L. Lyons LLC | $3,735.5 |
| 39 | Hefren-Tillotson Inc. | $3,688.2 |
| 40 | Securian Financial Services Inc. | $3,660.7 |
| 41 | G.W. & Wade LLC | $3,641.6 |
| 42 | Valley Forge Asset Management Corp. | $3,506.0 |
| 43 | FSC Securities Co. | $3,488.4 |
| 44 | Multi-Financial Securities Co. | $3,362.7 |
| 45 | Lincoln Investment Planning Inc. | $3,142.2 |
| 46 | Allegheny Investments Ltd. | $3,022.3 |
| 46 | Allegheny Financial Group Ltd. | $3,022.3 |
| 48 | Prudential Financial Planning Services | $2,905.9 |
| 49 | Transamerica Financial Advisors Inc. | $2,691.7 |
| 50 | VSR Advisory Services | $2,641.8 |
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
