SECURITIES BROKERAGE FIRMS.Ranked by number of registered, licensed securities brokers in L.A. County EXECUTIVE SUMMARY THE stock market recorded gains for the ninth straight year after spiking in early May and then plummeting in early October October: see month. , keeping the 3,927 registered stockbrokers at the top 25 brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. firms in L.A. County quite busy. Five of the top six brokerages in L.A. are headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , with Century City-based SunAmerica being the only exception. Two newcomers on this year's list, A.G. Edwards and Schoff & Baxter Bax´ter n. 1. A baker; originally, a female baker. , have headquarters in St. Louis Louis, titular duke of Burgundy Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin. and Burlington, Iowa Burlington is a city in Des Moines County, Iowa, United States. The population was 26,839 at the 2000 census. It is the county seat of Des Moines CountyGR6. , respectively. Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
Haym Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. . Securities brokers help clients transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting stock trades for a fee, as well as supply institutional and individual clients with pertinent PERTINENT, evidence. Those facts which tend to prove the allegations of the party offering them, are called pertinent; those which have no such tendency are called impertinent, 8 Toull. n. 22. By pertinent is also meant that which belongs. Willes, 319. facts to assist them in buying or selling stocks, bonds, commodities, and options. Brokers are subject to regulations of the Securities and Exchange Commission, the stock exchanges, the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , and the state of California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . DEAN Witter first opened its doors in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden in 1924, while Morgan Stanley was established in 1933 in New York. Three quarters of a century later, they would combine to become one of the largest securities brokerage firms in the world. Morgan Stanley Dean Witter was created via merger in 1997. It leverages a global network of more than 53,000 employees in 550-plus offices in 25 countries. It added two more offices in L.A. County and 63 additional registered brokers last year, plus another six offices companywide. The firm has $425 billion of assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , an increase of $49 billion, or 14 percent, over last year. The majority of its $22 million in revenues comes from brokering securities transactions, with the rest derived de·rive v. de·rived, de·riv·ing, de·rives v.tr. 1. To obtain or receive from a source. 2. from credit services and asset management. In addition to its traditional fee-based relationships, Morgan Stanley Dean Witter now offers online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. through its iChoice platform. Investors can make trades independetly without the guidance of a financial advisor. Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. A. Noble, senior vice president and director, heads up the firm's local operation in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or .
Rank Brokerage L.A. County Employment
* name * securities brokers
* address * investment bankers
* total employees
1 Morgan Stanley Dean Witter 729
601 S. Figueroa St., 28th Floor none
Los Angeles 90017 1,063
2 Merrill Lynch & Co. Inc. 540
19200 Van Karman Ave., Suite 1000 none
Irvine 92612 740
3 Salomon Smith Barney Inc. 539
633 West Fifth St., 34th Floor 20
Los Angeles 90071 1,001
4 SunAmerica Financial Network 384
One Sun America Center none
Los Angeles 90067 NA
5 PaineWebber 287
725 S. Figueroa St., Suite 4100 12
Los Angeles 90017 457
6 Prudential Securities Inc. 235
2049 Century Park East, Suite 1300 20
Los Angeles 90067 325
7 Financial Network Investment Corp. 190
2780 Skypark Drive, Suite 2600 none
Torrance 90505 215
8 Crowell, Weedon & Co. 134
One Wilshire Blvd., Suite 2600 2
Los Angeles 90017 309
9 First Union Securities [2] 108
2 N. Lake Ave., Suite 130 0
Pasadena 91101 178
10 A.G. Edwards Inc. 100
633 W. Fifth St., Suite 2200 12
Los Angeles 90071 128
11 Charles Schwab 98
23041 Avenida de la Carlota, Suite 110 none
Laguna Hills 92653 98
12 Sutro & Co. Inc. 79
555 South Flower St. 17
Los Angeles 90071 193
13 Bear Stearns & Co. Inc. 74
1999 Ave. of the Stars, Suite 3200 19
Los Angeles 90067 193
14 JB Oxford & Co. 70
9665 Wilshire Blvd., Third Floor none
Beverly Hills 90212 225
15 GBS Financial Corp. 48
15233 Ventura Blvd., Suite 404 2
Sherman Oaks 91403 61
Rank Services Offered Parent Company
(partial lit)
1 investment banking, financial planning, same
online trading, insurance services,
equities & fixed income investments,
equity syndicate, equity research
2 brokerage, personal credit, insurance, same
home financing & trust services,
retirement & group employee benefit
service, business financing
3 full service financial services Citigroup
4 full service SunAmerica Inc.
5 investment consulting services, retire- same
ment planning, mutual funds, wealth
preservation, municipal bonds, taxable
fixed income, central asset account
6 full-service brokerage firm Prudential Corp.
7 financial planning (all forms), wealth Aetna Inc.
preservation, asset-based management,
financial education in the workplace
8 investment advisory services, personal same
financial planning, fee-based investment
programs, customized retirement strategies,
common & preferred stocks, municipal/
corporate & treasury bonds, mutual funds
9 full-service brokerage, asset management, First Union Corp.
lending, trust services,
investment banking
10 IPOs, seconday offerings, M&A advisory same
services, private equity,
public & private debt
11 complete brokerage services for purchase Charles Schwab Corp.
& sale of stocks, bonds, mutual funds,
options, futures & more, 24-hr. phone access
12 investment banking, public finance, Freedom Securities
institutional trading & sales high yield
bonds & research, equity research, money,
full service investment products
13 corporate finance, mergers & acquisitions, same
equity & fixed income sales & trading,
private cilent services, securities
research, asset management, clearing
14 stocks, bonds, options, mutual funds, JB Oxford Holdings Inc.
securities, life insurance,
online trading
15 full service broker dealer, investment same
banking and investment advisory
Rank Profile Top Local Executive
* headquarters * name
* year established [1] * title
* offices (county/total) * phone
1 New York Michael A. Noble
1930 sr. v.p., director
21/448 (213) 553-3300
2 New York Michael J. Vorst
1925 sr. v.p., district director
18/700 (949) 752-0801
3 New York Jerrold L. Eberhardt
1921 senior executive v. p.
18/475 (818) 907-3700
4 Los Angeles Eli Broad
1989 chairman & ceo
147/3,740 (310) 772-6500
5 New York Michael Davis
1946 Western div. mgr., ex. v.p.
7/335 (213)253-5450
6 New York William Buchalter
1968 regional director
8/300 (310) 552-3535
7 Torrance Miles Z. Gordon
1983 president & ceo
26/1,245 (310) 326-3100
8 Los Angeles Donald W. Crowell
1932 ceo, managing partner
5/8 (213) 620-1850
9 Richmond, Va. Terry Chase
1931 regional director
7/300 (626) 685-4050
10 St. Louis, Mo. Rod Essen
1988 managing dir./investment banking
8/650 (213) 624-7171
11 San Francisco Robert Brown
1976 area mgr., So. Cal. region
12/337 (800) 435-4000
12 San Francisco Thomas Weinberger
1929 president
6/28 (310) 914-7799
13 New York David Pollock
1968 senior managing director
6/28 (310) 201-2600
14 Beverly Hills Albert R. Laubenstein
1993 president & ceo
2/4 (310) 777-8888
15 Sherman Oaks Donald G. Gloisten
1985 president
4/6 (818) 788-6210
16 M.L. stern & Co. Inc. 44
8350 Wilshire Blvd. none
Beverly Hills 90211 96
17 Imperial Capital LLC 43
150 S. Rodeo Drive, Suite 100 11
Beverly Hills 90212 72
18 Jefferies & Co. Inc. 33
11100 Santa Monica Blvd. 26
Los Angeles 90025 196
19 Donaldson Lufkin & Jenrette Securities Corp. 31
2121 Avenue of the Stars, 30th Floor 130
Los Angeles 90067 310
20 Fidelity Investments 30
6300 Canoga Ave., Suite 1001 NA
Woodland Hills 91367 34
21 Zahorik Co. Inc. 30
2700 E. Foothill Blvd., Suite 201 NA
Pasadena 91107 18
22 Schoff & Baxter 28
1801 Century Park East, Suite 2211 none
Los Angeles 90067 30
23 Wedbush Morgan Securities Inc. 26
1000 Wilshire Blvd. 12
Los Angeles 90017 340
24 Dreyfus Brokerage Services Inc. 26
401 N. Maple Drive NA
Beverly Hills 90210 115
25 First Security van Kasper [3] 21
10877 Wilshire Blvd., Suite 1700 7
Los Angeles 90024 44
16 municipal, corporate, equities, Pacific Life
mutual funds, annuities, Insurance Co.
insurance, mortage backed
17 Investment banking, high-yield Imperial Credit
sales, mortgage and asset backed Industries Inc.
securities, equities, bank debt
18 institutional equity, high yield & Jefferies Group Inc.
convertible sales & trading, under-
writing, M&A and advisory, equity
syndicate services, proprietary equity,
high yield & convertible research
19 investment banking, merchant banking, same
securities brokerage, equities & fixed
income trading, realty service
20 mutual fund investing, brokerage FMR Corp.
services, saving for retairement,
college planning
21 qualified plans - 403(b), 401(k), 457, Aegon, US
mutual funds, variable annuities,
life insurance, employee benefits
22 full service brokerage, retirement same
planning, insurance services
23 registered securities broker-dealer, E*Capital Corp.
investment banking, correspondent
clearing, executive brokerage & lending
24 online stock brokerage services Mellon Bank, N.A.
25 full service brokerage: stocks, bonds, First Security Bank
mutual funds, insurance,
corporate finance, M&A
16 Beverly Hills Milford L. Stern
1980 President
1/4 (323)658-4400
17 Beverly Hills R. Wooster/J.Reese
1997 co-presidents
1/3 (310) 246-3700
18 Los Angeles Frank E. Baxter
1969 chairman, president & ceo
1/16 (310) 445-1199
19 New York Ken Moelis
1987 managing dir., head of corp. fin.
1/29 (310) 282-6100
20 Boston Darryl Prater
1983 reg. v.p., Western region
3/77 (949) 797-1164
21 Pasadena James Stracka
1953 president
1/3 (626) 792-0835
22 Burlington, Iowa Harry Baxter
1996 managing director
3/4 (310) 277-1000
23 Los Angeles Edward W. Wedbush
1955 president & ceo
1/19 (213) 688-8000
24 Beverly Hills Jeffery N. Nachman
1976 ceo
2/5 (310) 276-0200
25 San Francisco R. Alan Lavery
1990 regional office manager
1/10 (310) 209-2200
NA -- not available (1.)In L.A. County (2.)Formerly called Everen Securities, until company was acquired last year by First Union Corp. (3.)First Security merged with Van Kasper KASPER Kentucky All Schedule Prescription Electronic Reporting KASPER Kansas Adult Supervised Population Electronic Repository NOTE: The information in this list was supplied by representatives of the companies themselves. Brokerages are ranked by number of registered securities brokers working in L.A. County and by the total number of employees, respectively. |
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