2008 Top 15 U.S. Broker-Dealers By Advisor Headcount

2008 Top 15 U.S. Broker-Dealers By Advisor Headcount
Wells Fargo & Co.1 21,073
Morgan Stanley Smith Barney 18,444
Bank of America2 17,978
Ameriprise Financial Services 12,473
Linsco/Private Ledger 11,460
Edward Jones & Co. 11,172
MetLife 10,231
Allstate Financial Services 9,560
ING 9,212
UBS 8,182
AIG 7,871
AEGON/Transamerica 7,589
Lincoln Financial Network 7,366
AXA Advisors 6,139
NYLife Securities 5,932
1Wells Fargo advisor headcount reflects the Wachovia Securities merger
2Bank of America headcount reflects the Merrill Lynch merger
Chart source: Cerulli Associates
Data sources: Securities Industry and Financial Markets Association, Investment News, Financial Planning, Bank Insurance Market Research Group, National Regulatory Services, Standard and Poor’s Money Market Directories, Cerulli Associates.