Securities brokerage firms: ranked by number of full-time, registered securities brokers in L.A. County.EXECUTIVE SUMMARY 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. tops the list of securities brokers for the second straight year, reporting 540 licensed brokers in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group SunAmerica returned to the list, placing No. 2 with 529 brokers, after failing to submit information last year. Fourteen firms reported an equal or larger number of licensed brokers in Los Angeles County. Farmer's Financial Solutions LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control jumped two spots to No. 3, after hiring close to 100 new brokers over the past year. That brings its total to 464. Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. climbed four spots to No. 7, as the San Francisco-based financial institution started a program last year that trains and licenses branch employees for securities. Hardest hit last year were Charles Schwab Charles Schwab can refer to:
 To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , No. 2 last year and No. 1 two years ago,
continued to shed shedrural building used for agricultural pursuits. shed hands miscellaneous workers in a shearing shed at shearing time, i.e. persons other than the shearers, wool classers. brokers. It dropped 214, 37.5 percent, of its brokers in 2004. Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation. , Transamerica Financial Advisors and Crowell Crowell can refer to: People
Places: In England:
THE PACESETTER SMITH BARNEY TE brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. unit of New York-based Citigroup Citigroup U.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc. pretty much held steady over the past year, reporting 540 licensed brokers in L.A. County compared with 543 a year earlier. Companywide, Smith Barney reported fourth-quarter total client assets of $1.2 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. , up $24 billion from the year-earlier period. Much of that gain came from the firm's Western division, which handles $210 billion in client assets. "The Western part of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. is a great area for the creation of wealth," said Smith Barney Senior Vice President Jerrold Jerrold may refer to: People with the surname Jerrold:
The firm's fee-based revenue is its most profitable segment and has generated returns of more than 10 percent for private clients. Smith Barney's brokerage staff remained steady on a list that saw half the firms report changes of at least 7 percent. "We've we've Contraction of we have. we've have hired and trained more people and have quite a low attrition rate Noun 1. attrition rate - the rate of shrinkage in size or number rate of attrition rate - a magnitude or frequency relative to a time unit; "they traveled at a rate of 55 miles per hour"; "the rate of change was faster than expected" ," said Eberhardt. Although the stock market is off to a shaky start in 2005, Eberhardt remains positive. "We look at earnings for corporate America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. and expect growth in excess of 8 percent. The market will reflect the earnings," he said. The firm's Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and Mid-California offices are based in the Citigroup Center 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 (Ranking in 2004) L.A. County
Employment
* name
* address * securities
brokers
* investment
bankers
* total employees
1 Smith Barney (1) 540
444 S. Flower St., 26th Floor 0
Los Angeles 90071 950
2 AIG Advisor Group 529
1 SunAmerica Center 0
Los Angeles 90067 569
3 Farmers Financial Solutions LLC (5) 464
2423 Galena Ave. 0
Simi Valley 93065 464
4 Merrill Lynch (3) 411
4695 MacArthur Court, Suite 1420 13
Newport Beach 92660 683
5 UBS Financial Services Inc. (4) 377
725 S. Figueroa St., 41st Floor 12
Los Angeles 90017 639
6 Morgan Stanley LLC (2) 358
1999 Avenue of the Stars, 24th Floor 20
Los Angeles 90067 572
7 Wells Fargo (11) 275
333 S. Grand Ave., Fifth Floor 3
Los Angeles 90071 530
8 Wachovia Securities LLC (6) 213
385 E. Colorado Blvd., Suite 260 0
Pasadena 91101 410
9 Transamerica Financial Advisors Inc. (7) 170
1150 S. Olive St., Suite T-2501 0
Los Angeles 90015 224
10 Crowell Weedon & Co. (8) 90
1 Wilshire Blvd. 0
Los Angeles 90017 238
11 A.G. Edwards & Sons Inc. (12) 85
333 S. Hope St., 37th Floor 8
Los Angeles 90071 133
12 Wedbush Morgan Securities (14) 75
1000 Wilshire Blvd. 25
Los Angeles 90017 310
13 Western International Securities Inc. (13) 75
70 S. Lake Ave., Suite 700 3
Pasadena 90010 87
14 Bear Stearns & Co. Inc. (15) 67
1999 Avenue of the Stars, Suite 3200 18
Los Angeles 90067 253
15 RBC Dain Rauscher (18) 60
9665 Wilshire Blvd., Fourth Floor 0
Beverly Hills 90212 107
16 Charles Schwab & Co. Inc. (9) 60
10990 Wilshire Blvd., Suite 140 0
Los Angeles 90024 60
17 Jefferies & Co. Inc. (10) 59
11100 Santa Monica Blvd. 35
Los Angeles 90025 240
18 Edward Jones (19) 59
23548 Calabasas Road, Suite 101 0
Calabasas 91302 105
19 Brookstreet Securities Corp. (22) 50
9401 Wilshire Blvd., Suite 705 0
Beverly Hills 90212 75
20 Imperial Capital (20) 48
150 S. Rodeo Drive, Suite 100 11
Beverly Hills 90212 70
21 M.L. Stern & Co. LLC (17) 45
8350 Wilshire Blvd. 0
Beverly Hills 90211 103
22 Sagemark Consulting 42
31111 Agoura Road, Suite 200 0
Los Angeles 91361 57
23 UnionBanc Investment Services LLC (23) 25
445 S. Figueroa St., Second Floor 0
Los Angeles 90071 80
24 H & R Block Financial Advisors 19
9300 Wilshire Blvd., Suite 101 0
Beverly Hills 90212 21
25 Clark Securities Inc. 12
633 W. Fifth St., 52nd Floor 0
Los Angeles 90071 5
Rank Services Offered
(partial list)
1 wealth and financial planning, hedge funds, portfolio
management, estate planning, philanthropic services, lending
2 mutual funds, no-load mutual funds, variable and fixed
annuities, stocks, bonds, insurance
3 mutual funds, 529 college savings plans, retirement plans,
qualified tax saving investment plans, variable life
insurance, variable annuities
4 full-service financial services, financial planning, business
financing, comprehensive cash management products
5 full-service brokerage, wealth management, retirement
planning, insurance, investments, lending services
6 investment banking, financial planning, equities and fixed
income investments, annuities, equity syndicate, equity
research
7 retail brokerage, institutional brokerage, public finance,
banking and trust services
8 securities transactions, financial planning, banking and
financial products, estate planning, trust services,
corporate executive services
9 financial planning, retirement planning, education planning,
estate planning, fee-based asset management, full range of
investment products
10 personal financial planning, investment advisory advantaged
investments, conservative options strategies, fee-based
investment programs, investment choices
11 securities and commodities brokerage, investment banking,
trust, asset management, retirement and college planning,
insurance products
12 brokerage, investment banking, research, correspondent
clearing, client banking, online trading
13 full-service independent brokerage
14 private client services, investment banking, public finance,
institutional equity sales, fixed income sales, commercial
mortgage, fixed income sales
15 full service securities firm
16 investment advisory services, personal financial planning,
active trader services, banking services, estate planning,
401(k) administration
17 sales and trading, investment banking, security underwriting,
financial and advisory, capital raising, mergers acquisitions,
recapitalization and restructuring
18 stocks, bonds, mutual funds, CDs, financial services
19 equities, options, fixed income, commodities, insurance,
private placements, corporate finance
20 corporate finance, sales and trading of high yield and
distressed bonds, convertible bonds, bank debt, equities
21 bonds, stocks, mutual funds, annuities, insurance, retirement
plans, managed accounts
22 investment management, business owner planning, estate and
asset protection strategies, retirement planning
23 financial planning, mutual funds, annuities, fixed income,
life insurance, brokered CDs and stocks
24 financial planning, estate planning, securities transactions
25 variable products and mutual funds to institutional
consulting clients
Rank Parent Company Profile
* headquarters
* year established (1)
* offices (county/total)
1 Citigroup New York
1863 (2)
19/500+
2 AIG Retirement Services Inc. Los Angeles
1989
297/1,639
3 Farmers Insurance Simi Valley
Group of Cos. 2000
41/601
4 Merrill Lynch & Co. Inc. New York
1925
15/655 (3)
5 UBS AG Zurich, Switzerland
1946
9/374
6 same New York
1930
8/600+
7 Wells Fargo & Co. San Francisco
NA
127/815
8 Wachovia Corp. Richmond, Va.
1935
8/3,300
9 Aegon N.V. Los Angeles
1967
15/234
10 same Los Angeles
1932
6/11
11 A.G. Edwards Inc. St. Louis
1988
7/715
12 Wedbush Inc. Los Angeles
1955
6/25
13 Concept Brokerage Pasadena
Holding Corp. 1996
6/26
14 same New York
1968
1/19
15 Royal Bank of Canada Minneapolis (4)
1929
4/140
16 same San Francisco
1975
12/282
17 Jefferies Group Inc. New York
1962
1/20
18 same St. Louis
NA
59/9,110
19 same Irvine
2000
20/200
20 Imperial Capital Beverly Hills
Group LLC 1997
1/4
21 Pacific Life Beverly Hills
Insurance Co. 1980
1/6
22 Lincoln Financial Group Philadelphia
1970
1/57
23 Union Bank of California N.A. Los Angeles
1983
NA/301
24 H & R Block Kansas City, Mo.
1989
2/135
25 Clark Consulting Los Angeles
1990
1/7
Rank Top Local Executive
* name
* title
* phone
1 Jerrold Eberhardt
sr. executive vice president
(213) 244-1500
2 James R. Cannon
ceo, AIG Financial Advisors
(866) 805-2211
3 Don Mealer
president
(866) 888-9739
4 Gregory Mech
regional managing director
(949) 223-6212
5 Michael A. Davis
exec. v.p., division manager
(213) 253-5458
6 Margaret Black
managing director
(310) 788-2082
7 Richard Byrd
executive vice president
(213) 253-3009
8 Terry Chase
sr. managing dir., regional pres.
(800) 627-8625
9 Sandra C. Brown
president
(213) 741-7702
10 Andrew E. Crowell
managing partner
(213) 620-1850
11 Rod Essen/John Lee
managing dir./regional manager
(800) 285-1680
12 Edward W. Wedbush
ceo, president
(213) 688-8000
13 Donald Bizub
ceo
(888) 793-7717
14 John R. Loftus
senior managing director
(310) 201-2600
15 Chris Horner
sr. managing dir., complex dir.
(310) 205-7745
16 Robert Bono
regional branch executive
(800) 435-4000
17 Chris Kanoff
exec. v.p., dir.of invest. banking
(310) 445-1199
18 Maria Pisa
regional leader, principal
(800) 335-6637
19 Bambi Holzer
branch manager
(800) 268-2578
20 J. Reese/R. Wooster
co-presidents
(310) 246-3700
21 Milford L. Stern
ceo, president
(323) 658-4400
22 Richard Rojeck
managing director, So. Cal.
(818) 540-6900
23 Johannes Worsoe
chairman, ceo
(800) 634-1100
24 Robert Terry
complex manager
(310) 273-8190
25 Brenda Imes
v.p., chief compliance officer
(213) 438-6300
NA--No Answer
(1) In L.A. County.
(2) Year established companywide.
(3) U.S. offices.
(4) U.S. headquarters.
Note: The information on this list was provided by representatives of
the companies themselves. Brokerages are ranked by the number of
registered, full-time securities brokers and the number of employess in
L.A. County offices, respectively. TD Waterhouse, No. 21 last year, and
Ernst & Young Corporate Finance LLC, No. 25 last year, may have
qualified for this list but failed to submit information. Zahorik Co.
Inc., No. 16 last year, no longer handles securities.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c]2004 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
Researched by David Nusbaum
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