Morgan Stanley Still Dominates in FA Count; Merrill and UBS Lead in Fees, Assets per Rep
The number of Morgan Stanley financial advisors -- including those involved in the joint venture with Smith Barney -- fell by about 50 to 18,087...
Wells Fargo Boosts Support of RIAs; Parent Predicts Lost Revenue from Reforms
Wells Fargo Advisors says its independent brokerage arm is expanding and realigning its supervision team "in anticipation of continued growth." Advisors affiliating with the group has grown 24% over the past 18 months.
Wells Fargo Boosts Support of Independent Advisors; Parent Company Predicts Lost Revenue from Reforms
Wells Fargo Advisor group includes 15,102 financial advisors and 5,094 licensed bankers with $1.1 trillion in assets under management.