McCann is the man… watch and learn here my friends. 

In an article from onWallStreet titled “Power Players” from 1/1/09 19,000 FAs are referenced.  Monthly rankings now show just over 11,000 FAs in the firm.  I know it is shrinking because some osh-wipe in my branch with just over 6k production (YTD!) is showing up in the firm’s monthly rankings-- oh, that’s right, he’s one of the great hires the BOM has made over the last year-- I think they paid him with my retention…

The current headcount comes from the monthly rankings.  And I am willing to admit when I am wrong, 15k brokers when the merger was announced.  The number I would be curious about is the number of recruits and newbees hired.  This would make the drop far more drastic than 4K brokers.

ISG are the bank brokers and they were taken away from WFA and moved under Wells Fargo Bank back in January.  The best number to get to see what is happening at WFA and how well/poorly Danny is doing is to look only at PCG - get those numbers at the time of the merger and compare them to now.  I have no idea if a drop from 15k to 11k brokers is correct but if it is, then a 26% drop in FAs is significant.  Anyone have have the real numbers not only for WFA, but also MER, MS/SB, UBS - compare all of them now to where they were around Jan08?  It would be interesting to see the results.  If RR did it and included similar numbers for RJ, SF, LPL, etc. we’d get a much better idea of the migration that is/isn’t happening from the wirehouses.

Like Obama