July 27, 2010 / 1:40 PM / in 7 years

FACTBOX-Comparison of the top 4 U.S. Wealth Managers

 NEW YORK, July 27 (Reuters) - Swiss bank UBS UBSN.VXUBS.N said on
Tuesday that its Americas brokerage business posted a loss, as one-time charges
overwhelmed higher revenue, capping a second quarter of mixed results for the
four largest U.S. wealth managers
 Among the Big 4, Bank of America's BAC.N Merrill Lynch unit alone added
advisers and assets. Wells Fargo WFC.N, briefly the No. 2 brokerage by number
of advisers, slipped back into third place behind Merrill. Profit was down
across the board, reflecting the impact of falling stock prices during a
quarter marked by unprecedented volatility.
 Below is a table showing some key statistics from the quarter:
           Morgan Stanley    Merrill Lynch     Wells Fargo         UBS
            Smith Barney          GWM            Advisors       Americas*
           Q2'10    Q1'10    Q2'10    Q1'10   Q2'10   Q1'10   Q2'10  Q1'10
Advisers     18,087   18,140   15,142   15,005  15,102  15,119   6,760  6,867
Assets ($B)   1,500    1,604    1,410    1,454   1,100   1,100     705    730
Revenue ($B)   3.07     3.11     3.24     3.16     n/a     n/a    1.41   1.30
Profit ($M)     146      214      316      359     n/a     n/a     -64   14.3
* UBS financial results converted from Swiss Francs at US$1 = CHF 1.052
 (Reporting by Joseph A. Giannone; Editing by Lisa Von Ahn)   


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