On Wall Street's annual ranking of the top 40 financial advisors under age 40 yields insights into what drives the success of the industry's youngest elite advisors.

In an increasingly commoditized business, this group of advisors has managed to win client assets by standing out amid intense competition.

Although On Wall Street traditionally ranks these advisors by their trailing 12-month production as of Sept. 30, many of these advisors oversee particularly large books of business.  For example, the top 10 collectively managed almost $16 billion in client assets.

Altogether, the entire group managed more than $30 billion in assets last year. And they generated more than $164 million in annual revenue for their firms.

View as a slideshow here.

To read the full story, including profiles of each member of the top 40, click here and on the links below:

 

No.1: Peter Princi

Firm: Morgan Stanley, Boston

AUM: $3.42 billion

Production: $7 million

Original Top 40 Rank: 4

 

No.2: Daniel Rothenberg

Firm: UBS, Los Angeles

AUM: $2.38 billion

Production: $2.9 million

Original Top 40 Rank: 38

 

No.3: Gregory Cash

Firm: Merrill Lynch Private Banking and Investment Group, Charlotte, N.C.

AUM: $2.16 billion

Production: $3.03 million

Original Top 40 Rank: 32

 

No.4: Andrew Ryan

Firm: Deutsche Asset & Wealth Management, New York

AUM: $1.75 billion

Production: $3.2 million

Original Top 40 Rank: 29

 

No.5: Charles Balducci

Firm: Merrill Lynch Wealth Management, New York

AUM: $1.19 billion

Production: $3.41 million

Original Top 40 Rank: 25

 

No.6: Bruce Munster

Firm: Morgan Stanley*, Los Angeles

AUM: $1.13 billion

Production: $5.2 million

Original Top 40 Rank: 7

*Has since moved to Merrill Lynch

 

No.7: Luis Miguel Gonzales Ocque

Firm: Morgan Stanley PWM, Miami

AUM: $1 billion

Production: $4.2 million

Original Top 40 Rank: 31

 

No.8: James Fink

Firm: Deutsche Aset & Wealth Management, Greenwich, Conn.

AUM: $915 million

Production: $4.08 million             

Original Top 40 Rank: 14

 

No.9: Jonathan Beukelman

Firm: UBS, Lincoln, Neb.

AUM: $898 million

Production: $6 million

Original Top 40 Rank: 5

 

No. 10: Thomas Kane

Firm: UBS, Chicago

AUM: $895 million

Production: $3.69 million

Original Top 40 Rank: 18

 

No. 11: Joshua Carter

Firm: Merrill Lynch Private Banking and Investment Group, San Francisco

AUM: $827 million

Production: $3.56 million

Original Top 40 Rank: 22

 

No. 12: Levi Nagel

Firm: Morgan Stanley PWM, Los Angeles

AUM: $800 million

Production: $8.4 million

Original Top 40 Rank: 2

 

No. 13: Allen Saunders

Firm: UBS, New York

AUM: $781 million

Production: $2.95 million

Original Top 40 Rank: 35

 

No. 14: Michael Merlin

Firm: Morgan Stanley, Atlanta

AUM: $750 million

Production: $4.4 million

Original Top 40 Rank: 10

 

No. 15: Eric Payne

Firm: Merrill Lynch Wealth Management, Indianapolis

AUM: $763 million

Production: $4.92 million

Original Top 40 Rank: 9

 

No.16: Marc Kessler*

Firm: UBS, Beverly Hills, Calif.

AUM: $658 million

Production: $3.33 million

*Has since moved to Morgan Stanley

Original Top 40 Rank: 27

 

No.17: Peter Huffman

Firm: Merrill Lynch Wealth Management, La Jolla, Calif.

AUM: $620 million

Production: $2.96 million

Original Top 40 Rank: 35

 

No.18: Alberto Maycotte

Firm: Merrill Lynch Wealth Management, San Antonio, Texas

AUM: $602 million

Production: $3.57 million

Original Top 40 Rank: 21

 

No.19: Joshua Malkin

Firm: Morgan Stanley, New York

AUM: $585 million

Production: $3.1 million

Original Top 40 Rank: 30

 

No.20: Peter Strope

Firm: UBS, Canonsburg, Pa.

AUM: $555 million

Production: $3.6 million

Original Top 40 Rank: 19

 

No. 21: Carl Cafaro

Firm: Merrill Lynch Wealth Management, Newton, Mass.

AUM: $545 million

Production: $3.4 million

Original Top 40 Rank: 23

 

No.22: Sean Yu

Firm: Morgan Stanley, Pasadena, Calif.

AUM: $545 million

Production: $5.2 million

Original Top 40 Rank: 6

 

No.23: Scott Thisted

Firm: Merrill Lynch Wealth Management, Denver

AUM: $544 million

Production: $3.7 million

Original Top 40 Rank: 16

 

No.24: Ronald Mencias

Firm: Merrill Lynch Wealth Management, Indianapolis

AUM: $528 million

Production: $3.36 million

Original Top 40 Rank: 26

 

No.25: Justin Ryan

Firm: UBS, Atlanta

AUM: $525 million

Production: $3 million

Original Top 40 Rank: 31

 

No. 26: Daniel Fries

Firm: Merrill Lynch Wealth Management, Chicago

AUM: $506 million

Production: $3.4 million

Original Top 40 Rank: 24

 

No.27: Dan Hoffmann

Firm: Morgan Stanley, Chicago

AUM: $480 million

Production: $3.8 million

Original Top 40 Rank: 15

 

No.28: John Perry

Firm: Morgan Stanley, Indianapolis

AUM: $477 million

Production: $7.5 million

Original Top 40 Rank: 3

 

No.29: Sean Lannan

Firm: Morgan Stanley, Chicago

AUM: $472 million

Production: $3.7 million

Original Top 40 Rank: 17

 

No.30: Stephen Barrett

Firm: JP Morgan Securities, New York

AUM: $443 million

Production: $8.5 million

Original Top 40 Rank: 1

 

No.31: Keith Rowling

Firm: Morgan Stanley, Troy, Mich.

AUM: $4 million

Production: $4.9 million

Original Top 40 Rank: 8

 

No.32: Jason Stephens

Firm: UBS, Naples, Fla.

AUM: $398 million

Production: $3.6 million

Original Top 40 Rank: 20

 

No.33: Bruno Miranda

Firm: UBS, Coral Gables, Fla.

AUM: $377 million

Production: $4.2 million

Original Top 40 Rank: 11

 

No.34: Matias Cohen

Firm: UBS, Miami

AUM: $349 million

Production: $2.9 million

Original Top 40 Rank: 34

 

No.35: Josef Najar

Firm: Credit Suisse, New York

AUM: $343 million

Production: $2.8 million

Original Top 40 Rank: 40

 

No.36: Brian Bennett

Firm: UBS, New York

AUM: $341 million

Production: $4.2 million

Original Top 40 Rank: 12

 

No.37: Fulvio Urbinati

Firm: Morgan Stanley PWM, Miami

AUM: $341 million

Production: $3.26 million

Original Top 40 Rank: 28

 

No.38: Daniele Conci

Firm: Morgan Stanley PWM, Miami

AUM: $336 million

Production: $2.98 million

Original Top 40 Rank: 33

 

No.39: Butch Safyurtlu

Firm: UBS, Newport Beach, Calif.

AUM: $226 million

Production: $2.9 million

Original Top 40 Rank: 37

 

No.40: Guillermo Eiben

Firm: Morgan Stanley PWM, New York

AUM: $150 million

Production: $2.9 million

Original Top 40 Rank: 39