The industry gets a detailed look at the health of the wirehouses once they report quarterly earnings. In the latest reporting period, advisor productivity was on the rise.
UBS led the way among the biggest wealth management firms in terms of production, but the firm also shed the most advisors. Morgan Stanley, meanwhile, continued to maintain the largest headcount. Profits slipped at Bank of America Merrill Lynch, allowing another wirehouse to pass the firm in terms of profitability.
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