The megabank's Personal Financial Management transaction helped drive some record metrics in 2023 for its wealth and fund segment.

A turbulent 2023 led to fourth-quarter declines in net new assets, net income and banking deposits at the financial firm.

How the big firms compare with each other in their advisor headcounts, assets under management and other attributes.

The firm's wealth and investment unit contributed more than half of the Wall Street giant's profits and revenues for 2023.

The bank's wealth management and investment management units have been standouts in recent years.

As a whole, the megabank saw its net income rise by 9% in 2023's final quarter. But its wealth management unit was another story.

The firm's wealth management co-head said that recent changes to its pay grid have been favorably received.

The gains in assets under management come as the banking giant continues to add to its advisor headcount.

Overall, Canada's largest bank saw its bottom line grow last quarter. But an American subsidiary is causing headaches for its wealth management business.

The St. Louis-based firm now has more than 19,000 financial advisors, according to its latest SEC filing.