January 21, 2010 / 12:43 AM / in 8 years

FACTBOX-Comparison of top U.S. retail brokerages

 NEW YORK, Jan 20 (Reuters) - High merger and recruiting costs cut into fourth quarter profits
for U.S. retail brokerages on Wednesday. Firms have merged their wealth management businesses amid
the financial crisis and are now competing for top-producing financial advisers and client assets.
Here are key figures for three U.S. firms. [nN20129754]
              Morgan Stanley           Bank of America             Wells Fargo            
               Smith Barney             Merrill Lynch
                  2009                    2009                        2009
             Q4          Q3            Q4         Q3             Q4         Q3
No. of        18,135      18,160        15,006     14,979         14,961     15,143
advisers
Assets under  1.56 trln   1.53 trln     1.27 trln   1.24 trln     1.1 trln   1.1 trln
management
Revenue       3.14 bln    3.03 bln      3.08 bln   3.03 bln       2.88 bln   2.97 bln
Net income    162 mln     188 mln       446 mln    311 mln        131 mln    244 mln
  (Reporting by Clare Baldwin and Joseph A. Giannone in New York and Joe Rauch in Charlotte;
editing by Andre Grenon))

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