Shrinking Profits, Assets and Advisor Ranks: How Firms Stack Up
Meanwhile, wirehouse and regional broker-dealers particularly those owned by larger banks are trying to boost their profit margins. On an earnings call with analysts, Morgan Stanley CEO James Gorman said
To reach the company's goals, Gorman said that Morgan Stanley would follow a program of cost cuts, digital technology enhancements and pursue greater lending and banking business.
Recent earnings reports give the industry a moment to take stock and see how the firms are measuring up. Click through our slideshow to see how your firm is performing compared to its peers. For a one-page version, click
--With additional reporting by Veronica Ni
Thundering Herd Grows at Merrill
Meanwhile, rival firm Raymond James continues to grow its employee channel through aggressive recruiting. Indeed, the firm reached a record size at the end of 2015.
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Assets Levels Drop at Wirehouses
The decline at UBS was partially offset by its aggressive recruiting during the fourth quarter, as dozens of large teams many from Credit Suisse transitioned their books to UBS.
To read more about UBS,
Volatile Markets Dampen Profits
Wells Fargo was an outlier in that it reported a roughly 15% year-over-year increase in profits for its wealth management unit. However, that unit was recently reorganized, as the company moved divisions and renamed it.
To read more about Wells Fargo,