Sponsored By
Wealth Management Magazine features the best of WealthManagement.com, including news, trends, topics and research important to financial advisors.
Warm BodiesWarm Bodies
Last year, Merrill Lynch made the most cuts, lopping off 25%. Edward Jones added the most. Top 10 Firms By Number of RepsAs of January 1 Firm No. Retail RRs No. B/D Offices Merrill Lynch 15,147 744 (5)* Morgan Stanley 13,191 550 (11) Smith Barney 12,927 581 (10) UBS PaineWebber 8,801 374 (14) Edward Jones 8,595 8,215 (1) Wachovia 7,595 585 (8) A.G. Edwards 7,267 705 (7) Charles Schwab 5,448 430 (13)
October 1, 2002
1 Min Read
Last year, Merrill Lynch made the most cuts, lopping off 25%. Edward Jones added the most.
| Firm | No. Retail RRs | No. B/D Offices |
|---|---|---|
| Merrill Lynch | 15,147 | 744 (5)* |
| Morgan Stanley | 13,191 | 550 (11) |
| Smith Barney | 12,927 | 581 (10) |
| UBS PaineWebber | 8,801 | 374 (14) |
| Edward Jones | 8,595 | 8,215 (1) |
| Wachovia | 7,595 | 585 (8) |
| A.G. Edwards | 7,267 | 705 (7) |
| Charles Schwab | 5,448 | 430 (13) |
| Prudential | 5,384 | 234 (15) |
| Fidelity | 5,250 | 139 (20) |
| * Overall rank in particular category | ||
| Source: Securities Industry Association 2002-2003 Yearbook | ||
You May Also Like
Latest news
Apr 1 - Apr 3, 2025
Apr 1 - Apr 3, 2025
Learn from top leaders tackling growth, pay, and personnel challenges daily.
Learn More