How the Wirehouses Stack Up: Smaller Ranks, Higher Profits
During the recent quarter, growth slowed at Merrill Lynch while it accelerated for rival Morgan Stanley. Advisor headcount fell everywhere except at Merrill, where the firm has been slowly expanding its ranks.
Advisor productivity, meanwhile, remained highest at UBS though Morgan's advisors gained ground.
To see how the firms compare on these and other metrics, scroll through our slideshow or click here to view in a one page version.
How the Wirehouses Stack Up: Smaller Ranks, Higher Profits
Bank of America said that growth at its wealth management unit, which includes Merrill Lynch and U.S. Trust, slowed. Net income fell to $651 million for the quarter from $729 million for the year-ago period.
To read more about Morgan Stanley's earnings,
How the Wirehouses Stack Up: Smaller Ranks, Higher Profits
To read more about Merrill Lynch,
How the Wirehouses Stack Up: Smaller Ranks, Higher Profits
To read more,
How the Wirehouses Stack Up: Smaller Ranks, Higher Profits
To read more about Wells Fargo's results,
How the Wirehouses Stack Up: Smaller Ranks, Higher Profits
To read more about Morgan's earnings,