Securities brokerage firms: ranked by number of registered, licensed securities brokers in L.A. County. (The List).EXECUTIVE SUMMARY MORGAN Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. once again claims first place on the list of largest
securities 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. Despite losing 123 securities
brokers, or 18.6 percent, from 2002, the company still has close to 50
more securities brokers than second place UBS UBS Union Bank of SwitzerlandUBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System PaineWebber. Given the market travails, it was a difficult year, with many companies showing significant declines in numbers in numbered parts; as, a book published in numbers. See also: Number of brokers and total staff. No. 3 Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. employed 70 fewer brokers than for the like period a year earlier. Total employment took a 17.4 percent hit, to 661 employees in L.A. County offices from a year ago. 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. Investments fell back three places to No. 10, due to the loss of 18 brokers in its L.A. County offices, for a total of 67 brokers. The financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm saw the largest decline in total employees, losing close to two-thirds, or 204 members, of its staff in 2002. No. 18 Jefferies Jefferies may refer to: People with the surname Jefferies:
THE PACESETTER MORGAN STANLEY MORGAN Stanley is the largest securities brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. in Los Angeles County for the fifth year in a row - ever since the 1997 merger of Morgan Stanley and Dean Witter Dean Witter may refer to:
Despite its No. 1 ranking, the company decreased staff and offices in L.A. County for the second straight year. The number of securities brokers fell by 18.6 percent from 2002 and it closed four offices, leaving 14 in L.A County. Companywide, the New York-based firm had $420 billion in 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. in 2002, a decrease of $39 billion from 2001, mainly due to declining market values. Los Angeles Managing Director Margaret Margaret, 1930–2002, British princess, second daughter of King George VI and sister of Queen Elizabeth II, b. Glamis, Scotland. In 1960 she married a commoner, the photographer Antony Armstrong-Jones, who was created earl of Snowdon in 1961. Black said there has been little movement over the past year in terms of local client assets, with many people sitting on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. . "The trend is to watch and wait," she said. "People have an understanding that what happened to their holdings is happening to the market as a whole." Black expects a continued retrenchment re·trench·ment n. The cutting away of superfluous tissue. in the brokerage industry this year. [GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED] [GRAPH OMITTED]
Rank Brokerage (Ranking in 2002) L.A. County Employment
* Name * Securities brokers
* Address * Investment bankers
* Total employees
1 Morgan Stanley (1) (2) 538
601 S. Figueroa St., 0
Suite 4575 738
Los Angeles 90017
2 UBS PaineWebber (4) (3) 490 (4)
725 S. Figueroa St. 55
Los Angeles 90017 850 (4)
3 Merrill Lynch (3) 460
650 Town Center Drive, 20
Suite 500 661
Costa Mesa 92626
4 AIG SunAmerica Inc. (5) 362
One SunAmerica Center 0
Los Angeles 90067 784
5 Farmers Financial Solutions 250
2423 Galena Ave. 0
Simi Valley 93065 285
6 Transamerica Financial 181
Advisors Inc. 0
1150 S. Olive St., 238
Suite T-2501
Los Angeles 90015
7 Crowell Weedon & Cco. (6) 124
One Wilshire Blvd. 2
Los Angeles 90017 288
8 A.G. Edwards & Sons Inc. 96
6695 E. Pacific Coast 2
Highway 142
Long Beach 90803
9 Wedbush Morgan Securities (8) 70
1000 Wilshire Blvd. 20
Los Angeles 90017 330
10 Wells Fargo Investments (7) 67
333 S. Grant Ave. 0
Los Angeles 90071 106
11 Bear Stearns & Co. Inc. 66
1999 Avenue of the Stars WND
Los Angeles 90067 200
12 Wachovia Securities 60
2 N. Lake Ave., Suite 130 0
Pasadena 91106 162
13 M.L. Stern & Co. Inc. (11) 51
8350 Wilshire Blvd. 0
Beverly Hills 90211 94
14 RBC Dain Rauscher (9) (7) 50
9665 Wilshire Blvd., 7
Fourth Floor 100
Beverly Hills 90212
15 JB Oxford & Co. 47
9665 Wilshire Blvd., 0
Third Floor 89
Beverly Hills 90212
16 TD Waterhouse (10) 44
9470 Wilshire Blvd. 0
Beverly Hills 90212 44
17 Imperial Capital (12) 41
150 S. Rodeo Drive, 9
Suite 100 62
Beverly Hills 90212
18 Jefferies & Co. Inc. (15) 40
11100 Santa Monica Blvd., 36
Eleventh Floor 219
Los Angeles 90025
19 Brookstreet Securities 39
Corp. (13) 0
2361 Campus Drive, 39
Suite 210
Irvine 92612
20 Zahorik Co. Inc. 30
2700 E. Foothill Blvd., 0
Suite 201 48
Pasadena 91107
21 Deutsche Bank 25
300 S. Grand Ave., 25
Suite 4100 135
Los Angeles 90071
22 Seidler Cos. Inc. 25
515 S. Grand Ave., 4
Suite 1100 45
Los Angeles 90071
23 H&R Block Financial Advisors 23
5850 Canoga Ave. 0
Woodland Hills 91367 23
24 Ernst & Young Corporate 21
Finance 21
725 S. Figueroa St., 24
Fourth Floor
Los Angeles 90017
25 GBS Financial 11
15233 Ventura Blvd., 0
Suite 404 14
Sherman Oaks 91403
Rank Brokerage (Ranking in 2002) Services Offered
* Name (partial list)
* Address
1 Morgan Stanley (1) (2) investment banking, financial
601 S. Figueroa St., planning, equities and fixed
Suite 4575 income investments, annuities,
Los Angeles 90017 equity syndicate, equity
research
2 UBS PaineWebber (4) (3) wealth management, financial
725 S. Figueroa St. planning, risk management,
Los Angeles 90017 full range of products and
services
3 Merrill Lynch (3) full service financial
650 Town Center Drive, services, comprehesive cash
Suite 500 management products, financial
Costa Mesa 92626 planning
4 AIG SunAmerica Inc. (5) mutual funds, no-load mutual
One SunAmerica Center funds, variable and fixed
Los Angeles 90067 annuities, stocks, bonds,
insurance
5 Farmers Financial Solutions 529 college savings plans,
2423 Galena Ave. retirement plans, qualified
Simi Valley 93065 tax saving investment plans,
mutual funds, variable life
insurance, variable annuities
6 Transamerica Financial full service brokerage,
Advisors Inc. advisory services, financial
1150 S. Olive St., planning, retirement planning,
Suite T-2501 education planning, estate
Los Angeles 90015 planning, full range of
investment products
7 Crowell Weedon & Cco. (6) investment advisory services,
One Wilshire Blvd. personal programs, customized
Los Angeles 90017 retirement strategies, common
and preferred stocks,
municipal, corporate and
treasury bonds, mutual funds,
annuities, insurance
8 A.G. Edwards & Sons Inc. securities and commodities
6695 E. Pacific Coast brokerage, investment banking,
Highway trust asset management,
Long Beach 90803 retirement and college
planning, insurance products
9 Wedbush Morgan Securities (8) brokerage, investment banking,
1000 Wilshire Blvd. research, online trading
Los Angeles 90017
10 Wells Fargo Investments (7) full service brokerage, trust,
333 S. Grant Ave. wealth management
Los Angeles 90071
11 Bear Stearns & Co. Inc. corporate finance, private
1999 Avenue of the Stars client services, commercial
Los Angeles 90067 management, public finance,
municipal bonds, fixed income
12 Wachovia Securities financial advisory, financial
2 N. Lake Ave., Suite 130 planning, securities
Pasadena 91106 brokerage, retirement
planning, trust, lending and
other financial services
13 M.L. Stern & Co. Inc. (11) municipal bonds, stocks,
8350 Wilshire Blvd. corporate bonds, mutual funds,
Beverly Hills 90211 closed-end funds, mortgage-
backed, annuities, insurance
14 RBC Dain Rauscher (9) (7) full-service securities firm
9665 Wilshire Blvd., for individual investors and
Fourth Floor businesses
Beverly Hills 90212
15 JB Oxford & Co. discount brokerage, online
9665 Wilshire Blvd., trading, market making,
Third Floor correspondent cleaning
Beverly Hills 90212
16 TD Waterhouse (10) brokerage, banking, mutual
9470 Wilshire Blvd. funds, cash management,
Beverly Hills 90212 insurance, fixed income,
portfolio planning
17 Imperial Capital (12) corporate finance, sales and
150 S. Rodeo Drive, trading of high yield and
Suite 100 distressed bonds, bank debt,
Beverly Hills 90212 equities, convertible bonds
18 Jefferies & Co. Inc. (15) financial advisory, capital,
11100 Santa Monica Blvd., raising mergers and acquisitio
Eleventh Floor restructuring services,
Los Angeles 90025 trade execution in equity,
high yield, convertible
and international securities
fundamental research
19 Brookstreet Securities retail, fixed-income,
Corp. (13) annuities, insurance,
2361 Campus Drive, commodities fee-based,
Suite 210 direct investments
Irvine 92612
20 Zahorik Co. Inc. retirement plans, employee
2700 E. Foothill Blvd., benefit plans, life insurance
Suite 201 fixed and variable
Pasadena 91107 annuities, mutual funds
21 Deutsche Bank corporate finance, real
300 S. Grand Ave., estate finance, brokerage,
Suite 4100 private banking
Los Angeles 90071
22 Seidler Cos. Inc. investment banking,
515 S. Grand Ave., financial planning, trading,
Suite 1100 municipal banking, corporate
Los Angeles 90071 services, equity researach
23 H&R Block Financial Advisors investment planning, annities
5850 Canoga Ave. life insurance,
Woodland Hills 91367 equities, retirement plannin
educational savings
24 Ernst & Young Corporate restructing advisory services
Finance capital markets, mergers
725 S. Figueroa St., and acquisitions
Fourth Floor
Los Angeles 90017
25 GBS Financial full service broker of stocks
15233 Ventura Blvd., bonds and mutual funds
Suite 404
Sherman Oaks 91403
Rank Brokerage (Ranking in 2002) Parent Company
* Name
* Address
1 Morgan Stanley (1) (2) same
601 S. Figueroa St.,
Suite 4575
Los Angeles 90017
2 UBS PaineWebber (4) (3) same
725 S. Figueroa St.
Los Angeles 90017
3 Merrill Lynch (3) same
650 Town Center Drive,
Suite 500
Costa Mesa 92626
4 AIG SunAmerica Inc. (5) same
One SunAmerica Center
Los Angeles 90067
5 Farmers Financial Solutions Farmers Insurance
2423 Galena Ave. Group of Companies
Simi Valley 93065
6 Transamerica Financial Aegon N.V.
Advisors Inc.
1150 S. Olive St.,
Suite T-2501
Los Angeles 90015
7 Crowell Weedon & Cco. (6) Same
One Wilshire Blvd.
Los Angeles 90017
8 A.G. Edwards & Sons Inc. A.G. Edwards Inc.
6695 E. Pacific Coast
Highway
Long Beach 90803
9 Wedbush Morgan Securities (8) E * Capital Corp.
1000 Wilshire Blvd.
Los Angeles 90017
10 Wells Fargo Investments (7) Wells Fargo & Co.
333 S. Grant Ave.
Los Angeles 90071
11 Bear Stearns & Co. Inc. same
1999 Avenue of the Stars
Los Angeles 90067
12 Wachovia Securities same
2 N. Lake Ave., Suite 130
Pasadena 91106
13 M.L. Stern & Co. Inc. (11) Pacific Life Insurance
8350 Wilshire Blvd.
Beverly Hills 90211
14 RBC Dain Rauscher (9) (7) Royal Bank of Canada
9665 Wilshire Blvd.,
Fourth Floor
Beverly Hills 90212
15 JB Oxford & Co. JB Oxford Holdings Inc.
9665 Wilshire Blvd.,
Third Floor
Beverly Hills 90212
16 TD Waterhouse (10) same
9470 Wilshire Blvd.
Beverly Hills 90212
17 Imperial Capital (12) Imperial Capital
150 S. Rodeo Drive, Group LLC
Suite 100
Beverly Hills 90212
18 Jefferies & Co. Inc. (15) Jefferies Group Inc.
11100 Santa Monica Blvd.,
Eleventh Floor
Los Angeles 90025
19 Brookstreet Securities same
Corp. (13)
2361 Campus Drive,
Suite 210
Irvine 92612
20 Zahorik Co. Inc. Aegon USA Inc.
2700 E. Foothill Blvd.,
Suite 201
Pasadena 91107
21 Deutsche Bank same
300 S. Grand Ave.,
Suite 4100
Los Angeles 90071
22 Seidler Cos. Inc. same
515 S. Grand Ave.,
Suite 1100
Los Angeles 90071
23 H&R Block Financial Advisors H&R Block Inc.
5850 Canoga Ave.
Woodland Hills 91367
24 Ernst & Young Corporate Ernst & Young LLP
Finance
725 S. Figueroa St.,
Fourth Floor
Los Angeles 90017
25 GBS Financial same
15233 Ventura Blvd.,
Suite 404
Sherman Oaks 91403
Rank Brokerage (Ranking in 2002) Profile
* Name * Headquarters
* Address * Year established
* Offices (county/total)
1 Morgan Stanley (1) (2) New York
601 S. Figueroa St., 1930
Suite 4575 14/600+
Los Angeles 90017
2 UBS PaineWebber (4) (3) Zurich
725 S. Figueroa St. 1946
Los Angeles 90017 9/371
3 Merrill Lynch (3) New York
650 Town Center Drive, 1925
Suite 500 12/677 (5)
Costa Mesa 92626
4 AIG SunAmerica Inc. (5) Los Angeles
One SunAmerica Center 1989
Los Angeles 90067 WND/WND
5 Farmers Financial Solutions Simi Valley
2423 Galena Ave. 2000
Simi Valley 93065 38/458
6 Transamerica Financial Netherlands
Advisors Inc. 1967
1150 S. Olive St., 13/95
Suite T-2501
Los Angeles 90015
7 Crowell Weedon & Cco. (6) Los Angeles
One Wilshire Blvd. 1932
Los Angeles 90017 5/10
8 A.G. Edwards & Sons Inc. St. Louis
6695 E. Pacific Coast 1988
Highway 8/705
Long Beach 90803
9 Wedbush Morgan Securities (8) Los Angeles
1000 Wilshire Blvd. 1955
Los Angeles 90017 7/25
10 Wells Fargo Investments (7) San Francisco
333 S. Grant Ave. 1855
Los Angeles 90071 3/NA
11 Bear Stearns & Co. Inc. New York
1999 Avenue of the Stars 1923 (6)
Los Angeles 90067 1/WND
12 Wachovia Securities Richmond
2 N. Lake Ave., Suite 130 NA
Pasadena 91106 8/3,300
13 M.L. Stern & Co. Inc. (11) Beverly Hills
8350 Wilshire Blvd. 1980
Beverly Hills 90211 1/5
14 RBC Dain Rauscher (9) (7) Minneapolis
9665 Wilshire Blvd., 1929
Fourth Floor 6/173
Beverly Hills 90212
15 JB Oxford & Co. Beverly Hills
9665 Wilshire Blvd., 1991
Third Floor 1/4
Beverly Hills 90212
16 TD Waterhouse (10) New York
9470 Wilshire Blvd. 1981
Beverly Hills 90212 8/150
17 Imperial Capital (12) Beverly Hills
150 S. Rodeo Drive, 1997
Suite 100 1/3
Beverly Hills 90212
18 Jefferies & Co. Inc. (15) New York
11100 Santa Monica Blvd., 1962
Eleventh Floor 1/22
Los Angeles 90025
19 Brookstreet Securities Irvine
Corp. (13) 1992
2361 Campus Drive, 13/200+
Suite 210
Irvine 92612
20 Zahorik Co. Inc. Baltimore
2700 E. Foothill Blvd., 1953
Suite 201 1/2
Pasadena 91107
21 Deutsche Bank Frankfurt, Germany
300 S. Grand Ave., 1974
Suite 4100 1/80+
Los Angeles 90071
22 Seidler Cos. Inc. Los Angeles
515 S. Grand Ave., 1969
Suite 1100 1/7
Los Angeles 90071
23 H&R Block Financial Advisors Kansas City, Mo.
5850 Canoga Ave. 1975
Woodland Hills 91367 5/188
24 Ernst & Young Corporate Los Angeles
Finance 2001
725 S. Figueroa St., 1/12
Fourth Floor
Los Angeles 90017
25 GBS Financial Santa Rosa
15233 Ventura Blvd., 1983
Suite 404 2/30
Sherman Oaks 91403
Rank Brokerage (Ranking in 2002) Top Local Executive
* Name * Name
* Address * Title
* Phone
1 Morgan Stanley (1) (2) Margaret Black
601 S. Figueroa St., managing director
Suite 4575 (213) 553-3500
Los Angeles 90017
2 UBS PaineWebber (4) (3) Mike Davis
725 S. Figueroa St. western division manager
Los Angeles 90017 (213) 253-5450
3 Merrill Lynch (3) Guy Williams
650 Town Center Drive, managing director,
Suite 500 So. Cal. District
Costa Mesa 92626 (714) 429-2820
4 AIG SunAmerica Inc. (5) Jay S. Wintrob
One SunAmerica Center ceo, president
Los Angeles 90067 (310) 772-6500
5 Farmers Financial Solutions Brian Cohen
2423 Galena Ave. president
Simi Valley 93065 (866) 888-9739
6 Transamerica Financial Sandra C. Brown
Advisors Inc. president
1150 S. Olive St., (213) 741-7705
Suite T-2501
Los Angeles 90015
7 Crowell Weedon & Cco. (6) Donald W. Crowell
One Wilshire Blvd. managing partner, ceo
Los Angeles 90017 (213) 620-1850
8 A.G. Edwards & Sons Inc. John Lee
6695 E. Pacific Coast pacific regional manager
Highway (800) 876-0889
Long Beach 90803
9 Wedbush Morgan Securities (8) Edward Wedbush
1000 Wilshire Blvd. ceo, president
Los Angeles 90017 (213) 688-8000
10 Wells Fargo Investments (7) Richard Byrd
333 S. Grant Ave. regional managing director
Los Angeles 90071 (800) 253-3009
11 Bear Stearns & Co. Inc. John R. Loftus
1999 Avenue of the Stars senior managing director
Los Angeles 90067 (888) 473-3819
12 Wachovia Securities Terry Chase
2 N. Lake Ave., Suite 130 Western region president
Pasadena 91106 (800) 627-8625
13 M.L. Stern & Co. Inc. (11) Milford L. Stern
8350 Wilshire Blvd. ceo, president
Beverly Hills 90211 (323) 658-4400
14 RBC Dain Rauscher (9) (7) Chris Horner
9665 Wilshire Blvd., sr. v.p., managing dir.
Fourth Floor (310) 273-7600
Beverly Hills 90212
15 JB Oxford & Co. Jamie Lewis
9665 Wilshire Blvd., president
Third Floor (800) 799-8870
Beverly Hills 90212
16 TD Waterhouse (10) Kevin Gallagher
9470 Wilshire Blvd. divisional vice president
Beverly Hills 90212 (800) 934-4448
17 Imperial Capital (12) J. Reese/R. Wooster
150 S. Rodeo Drive, co-president
Suite 100 (310) 246-3700
Beverly Hills 90212
18 Jefferies & Co. Inc. (15) Chris M. Kanoff
11100 Santa Monica Blvd., exec. v.p., dir. of
Eleventh Floor investment banking
Los Angeles 90025 (310) 445-1199
19 Brookstreet Securities Stanley C. Brooks
Corp. (13) ceo, president
2361 Campus Drive, (800) 268-2578
Suite 210
Irvine 92612
20 Zahorik Co. Inc. Randy Rusell
2700 E. Foothill Blvd., president
Suite 201 (626) 792-0835
Pasadena 91107
21 Deutsche Bank Tony Hass
300 S. Grand Ave., managing director
Suite 4100 (213) 620-8200
Los Angeles 90071
22 Seidler Cos. Inc. Roland Seidler Jr.
515 S. Grand Ave., ceo
Suite 1100 (213) 683-4500
Los Angeles 90071
23 H&R Block Financial Advisors Victoria Black
5850 Canoga Ave. branch manager
Woodland Hills 91367 (800) 472-5625
24 Ernst & Young Corporate Peter H. Griffith
Finance ceo, president
725 S. Figueroa St., (213) 977-3800
Fourth Floor
Los Angeles 90017
25 GBS Financial Donald Gloisten
15233 Ventura Blvd., president
Suite 404 (818) 788-6210
Sherman Oaks 91403
NA - Not available
WND - Would not disclose
(1.) In L.A. County.
(2.) Formerly Morgan Stan Witter & Co.
(3.) Soon to be named UBS Management
(4.) Approximate numbers.
(5.) U.S. locations.
(6.) Year company establi New York
(7.) Formely Sutro & Co.
Note: The information on provided by representati companies themselves.
Br are ranked by number of securities brokers and t of employees working
in County, respectively, La No. 2 Smith Barney may h qualified for the
list b to submit information. T of our knowledge, this i is accurate as
of press While every effort is ma ensure the accuracy and thorougheness
of the lis omissions and typographi errors sometimes occur. send
corrections or addi on company letterhead to Research Depatrment, Los
Angeles Business Journal 5700 Wilshire Blvd., Sui Los Angeles 90036.
[C]20 Angeles Business Journal list may not be reprinte whole or in part
without written permission from editor. Reprints are ava from Wright's
Reprints, (877) 652-5295.
Researched by Nicole Taylor
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