Overall, the four wirehouses — Merrill Lynch, Morgan Stanley, UBS and Wells Fargo — saw their combined headcount shrink by 558 financial advisors over the past 12 months. They now have a total of 52,995 advisors in the Americas, and these FAs work with $8.4 trillion of client assets. The other non-wirehouse broker-dealers tracked by ThinkAdvisor — and that publicly disclose their respective headcounts — have a total of 41,467 advisors. Four of the largest — LPL Financial, Ameriprise Financial, Raymond James and Stifel — have combined client assets of nearly $2.6 trillion. --- Related on ThinkAdvisor:
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