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)