HOW THEY RANK Here are America’s largest wealth-management firms, ranked by client assets in accounts of $5 million or more

as of June 30.
1. BANK OF AMERICA GLOBAL WEALTH management, investment banking, private age, private banking, fiduciary services. Tel: 800-323-5678 Tel: 312-444-3918
& INVESTMENT MANAGEMENT banking, and credit lending. Websites: wellsfargoprivatebank.com, e-mail: gsinfo@gs.com e-mail: DW34@ntrs.com
(Including Merrill Lynch Global Wealth Website: morganstanley.com wellsfargoadvisors.com, abbotdowning.com
Management a nd U.S. Trust) Tel: 888-932-6772 or 212-761-4000 Tel: 877-636-0501, 866-243-0931, 888-648-8157 7. BNY MELLON WEALTH MGMT 9. FIDELITY
Rank ’12: 1 Rank ’12: 8 Rank ‘12: 6
U.S. Private-Client Assets: $960 bil 3. JPMORGAN 5. UBS WEALTH MANAGEMENT U.S. Private-Client Assets: $182.5 bil U.S. Private-Client Assets: $172 bil
Minimum Account: N/A Rank ’12: 3 Rank ’12: 5 Minimum Account: $2 mil Minimum Account: $1 mil
Median Account: N/A U.S. Private-Client Assets: $557 bil U.S. Private-Client Assets: $357.3 bil* Median Account: N/A Median Account: N/A
Wealth Managers: 19,689 Minimum Account: $5 mil Minimum Account: N/A Wealth Managers: 858 Wealth Managers: 1,325
Clients Per Manager: N/A Median Account: $13 mil Median Account: N/A Clients Per Manager: 50-75 Clients Per Manager: N/A
U.S. Branch Offices: 804 Wealth Managers: 1,590 Wealth Managers: N/A U.S. Branch Offices: 37 U.S. Branch Offices: 182
Specialties: Trust services; wealth structuring; Clients Per Manager: 27 Clients Per Manager: N/A Specialties: Investment management, wealth Specialties: Tax-efficient managed accounts,
banking and credit; concentrated stock, invest- U.S. Branch Offices: 75 U.S. Branch Offices: N/A and estate planning, private banking, family- capital-market transactions, international
ment, and asset management; retirement, Specialties: Risk-adjusted portfolio con- Specialties: N/A office services, planned-giving services. trading, annuities, family-office services,
philanthropy, tax, and estate planning; family- struction, thematic trading and alternative Website: ubs.com Website: bnymellonwealthmanagement.com charitable services, trusts.
office services. investment opportunities, trust and estate Tel: 201-352-3000 Tel: 877-267-0198 Website: fidelity.com
Websites: totalmerrill.com and ustrust.com planning, banking services, lending/balance e-mail: paul.sari@bnymellon.com Tel: 800-Fidelity
Tel: 800-637-7455 and 800-878-7878 sheet advisory. 6. GOLDMAN SACHS
Website: jpmorgan.com/privatebanking Rank ’12: 7 8. NORTHERN TRUST 10. CHARLES SCHWAB
2. MORGAN STANLEY SMITH BARNEY Tel: 212-622-7423 U.S. Private-Client Assets: $208.3 bil* Rank ‘12: 9 Rank ’12: 10
Rank ’12: 2 e-mail: douglas.o.morris@jpmorgan.com Minimum Account: $10 mil U.S. Private-Client Assets: $179.6 bil U.S. Private-Client Assets: $137 bil
U.S. Private-Client Assets: $780 bil Median Account: N/A Minimum Account: $2 mil Minimum Account: N/A
Minimum Account: N/A 4. WELLS FARGO AND COMPANY Wealth Managers: 400 Median Account: N/A Median Account: N/A
Median Account: N/A Rank ’12: 4 Clients Per Manager: 20-30 Wealth Managers: 675 Wealth Managers: 3,100
Wealth Managers: 16,321 U.S. Private-Client Assets: $420 bil U.S. Branch Offices: 13 Clients Per Manager: N/A Clients Per Manager: N/A
Clients Per Manager: N/A Minimum Account: N/A Specialties: Wealth advisory, financial plan- U.S. Branch Offices: 69 U.S. Branch Offices: 300
U.S. Branch Offices: 676 Median Account: N/A ning and trust services; portfolio construction, Specialties: Goals-driven investment Specialties: Managed investing solutions;
Specialties: Retirement and estate plan- Wealth Managers: 15,388 implementation and risk management; open- advisory services; financial planning, credit financial-planning and retirement services;
ning, asset allocation, private placements of Clients Per Manager: N/A architecture manager selection for traditional and private-banking services; family-office banking services; research resources and
traditional and alternative investments, risk U.S. Branch Offices: 1,419 and alternative investments; deposit-taking, services; foundation and institutional analytic tools; brokerage services.
Specialties: Comprehensive wealth planning lending, and private-banking services. outsourced CIO services. Website: schwab.com
N/A=Not available. *Barron’s estimate. and advice, investment management, broker- Website: gs.com/pwm Website: northerntrust.com Tel: 866-232-9890
11. RAYMOND JAMES FINANCIAL 15. RBC WEALTH MANAGEMENT Wealth Managers: 912 Wealth Managers: 709 U.S. Branch Offices: 50
Rank ’12: 22 Rank ’12: 15 Clients Per Manager: N/A Clients Per Manager: 173 Specialties: Wealth planning, trustee services,
U.S. Private-Client Assets: $88.3 bil U.S. Private-Client Assets: $65.7 bil U.S. Branch Offices: 95 U.S. Branch Offices: 69 investment-management services, private-
Minimum Account: N/A Minimum Account: N/A Specialties: Consulting and management, Specialties: Asset-allocation strategies, invest- banking services, family-office services.
Median Account: $8 mil Median Account: $13 mil separate accounts, trust services, estate and ment research and management, financial and Website: Wilmingtontrust.com
Wealth Managers: 5,400 Wealth Managers: 2000 tax planning, private banking. retirement planning, estate and philanthropic Tel: 302-651-1936
Clients Per Manager: N/A Clients Per Manager: N/A Website: pnc.com planning, business-succession planning. e-mail: mgraham@wilmingtontrust.com
U.S. Branch Offices: 2,500 U.S. Branch Offices: 200 Tel: 888-762-6276 Website: rwbaird.com
Specialties: Wealth management and port- Specialties: Comprehensive wealth manage- e-mail: wealthmanagement@pnc.com Tel: 414-298-1714 28. LPL FINANCIAL
folio management, retirement services, trust ment, investment-advisory services, retirement e-mail: ksweeney@rwbaird.com Rank ’12: 26
services and insurance planning, lending services, lending, trust and estate planning. 20. U.S. BANK WEALTH MANAGEMENT U.S. Private-Client Assets: $20.1 bil
and cash management. Website: rbcwm-usa.com (Including Ascent Private Capital Manage- 24. HSBC PRIVATE BANK Minimum Account: N/A
Website: raymondjames.com/ Tel: 612-371-2711 ment, The Private Client Reserve, The Private Rank ’12: 23 Median Account: $7 mil
wealthmanagement Client Group, and U.S. Bancorp Investments) U.S. Private-Client Assets: $25 bil Wealth Managers: 1,321
Tel: 800-248-8863 ext. 71733 16. BESSEMER TRUST Rank ’12: 19 Minimum Account: N/A Clients Per Manager: N/A
Rank ’12: 16 U.S. Private-Client Assets: $37.6 bil Median Account: N/A U.S. Branch Offices: N/A
12. CREDIT SUISSE U.S. Private-Client Assets: $60.2 bil Minimum Account: N/A Wealth Managers: 35 Specialties: Investment research, open-
Rank ’12: 12 Minimum Account: $10 mil Median Account: N/A Clients Per Manager: N/A architecture investment management and
U.S. Private-Client Assets: $88.1 bil Median Account: N/A Wealth Managers: 179 U.S. Branch Offices: 6 asset allocation, estate and business plan-
Minimum Account: N/A Wealth Managers: 159 Clients Per Manager: N/A Specialties: Discretionary portfolio, ning, trust services, insurance services.
Median Account: N/A Clients Per Manager: 14 U.S. Branch Offices: 215 alternative investments, banking and Website: lpl.com
Wealth Managers: 415 U.S. Branch Offices: 15 Specialties: Investment management, liquidity management, financing, trust Tel: 858-450-9606 ext. 7598
Clients Per Manager: N/A Specialties: Investment-management, trust private banking, trust and estate services, and fiduciary services. e-mail: ryan.parker@lpl.com
U.S. Branch Offices: 17 and estate planning, tax and financial planning, multigenerational wealth planning, family Website: hsbcprivatebank.com
Specialties: Philanthropy and entrepreneurship; philanthropic advisory, private-asset advisory. dynamics and governance. Tel: 212-525-5080 29. CITY NATIONAL BANK
wealth planning; investment management Website: bessemer.com Websites: ascent.usbank.com Rank ’12: 29
advice and portfolio construction; customized, Tel: 212-708-9349 and reserve.usbank.com 25. BROWN BROTHERS HARRIMAN U.S. Private-Client Assets: $18.7 bil
structured solutions for ultrahigh-net-worth e-mail: wilcox@bessemer.com Tel: 855-330-6916 PRIVATE WEALTH MGMT Minimum Account: $1 mil
clients; traditional and alternative products; Rank ’12: 28 Median Account: $14.9 mil
family-office services. 17. SUNTRUST BANKS 21. BMO PRIVATE BANK U.S. Private-Client Assets: $21.6 bil Wealth Managers: 139
Website: credit-suisse.com Rank ’12: 17 Rank ’12: 21 Minimum Account: $10 mil Clients Per Manager: N/A
Tel: 610-397-7160 U.S. Private-Client Assets: $49.7 bil U.S. Private-Client Assets: $32.5 bil Median Account: $12.9 mil U.S. Branch Offices: 31
e-mail: Richard.Jaffe@credit-suisse.com Minimum Account: N/A Minimum Account: $1 mil Wealth Managers: 37 Specialties: Investment management;
Median Account: $8.7 mil Median Account: N/A Clients Per Manager: 32 open-architecture advisory; brokerage, trust,
13. CITI Wealth Managers: 219 Wealth Managers: 161 U.S. Branch Offices: 6 and wealth advisory; 401(k) and retirement.
(Including Citi Private Bank and Personal Clients Per Manager: 91 Clients Per Manager: 60 Specialties: Investment advisory, wealth Website: cnb.com
Wealth Mgmt) U.S. Branch Offices: 10 U.S. Branch Offices: 33 planning, trust services, lending, philan- Tel: 800-708-8881
Rank ’12: 11 Specialties: Comprehensive wealth planning, Specialties: Financial planning, investment thropic planning. e-mail: richard.gershen@cnb.com
U.S. Private-Client Assets: $82.5 bil customized lending solutions, legacy plan- analysis, banking review, portfolio manage- Website: bbh.com
Minimum Account: N/A ning and estate settlement, private banking. ment, trust and estate administration. Tel: 212-483-1818 30. ATLANTIC TRUST PRIVATE
Median Account: N/A Website: suntrust.com/wealth Website: bmoprivatebank.com e-mail: Charles.izard@bbh.com WEALTH MGMT
Wealth Managers: 494 Tel: 404-813-8002 Tel: 312-461-2545 Rank ’12: 32
Clients Per Manager: N/A e-mail: PrivateWealthManagement@ e-mail: Thomas.Meilinger@bmo.com 26. GLENMEDE U.S. Private-Client Assets: $17.9 bil
U.S. Branch Offices: 231 SunTrust.com Rank ’12: 27 Minimum Account: $5 mil
Specialties: Banking, investment finance, 22. NEUBERGER BERMAN U.S. Private-Client Assets: $20.6 bil Median Account: $10 mil
global investment advice, alternative invest- 18. BARCLAYS WEALTH Rank ’12: 24 Minimum Account: $3 mil Wealth Managers: 63
ments, trust and estate planning. Rank ‘12: 18 U.S. Private-Client Assets: $28.9 bil Median Account: $10.8 mil Clients Per Manager: 37
Website: citiprivatebank.com U.S. Private-Client Assets: $48.8 bil Minimum Account: $1 mil Wealth Managers: 73 U.S. Branch Offices: 12
Tel: 212-559-9470 Minimum Account: N/A Median Account: $10 mil Clients Per Manager: 22 Specialties: Investment management, estate
Median Account: N/A Wealth Managers: 104 U.S. Branch Offices: 6 planning, wealth management, asset-allocation
14. DEUTSCHE BANK PRIVATE Wealth Managers: 250 Clients Per Manager: N/A Specialties: Investment research and management, separately managed accounts.
WEALTH MGMT Clients Per Manager: N/A U.S. Branch Offices: 10 reporting, financial planning and wealth Website: atlantictrust.com
Rank ’12: 14 U.S. Branch Offices: 13 Specialties: Risk management and compre- administration, trusteeship services and Tel: 617-357-9600
U.S. Private-Client Assets: $68.0 bil Specialties: Customized portfolio construc- hensive strategic and tactical asset allocation, family philanthropy. e-mail: sQueler@atlantictrust.com
Minimum Account: N/A tion, traditional and alternative investments, estate planning, comprehensive trustee, Website: glenmede.com
Median Account: N/A ultrahigh-net-worth wealth advisory, capital executor services, and fiduciary oversight. Tel: 215-419-6100 31. KEY PRIVATE BANK
Wealth Managers: 300 markets and customized credit. Website: nb.com e-mail: Chip.wilson@glenmede.com Rank ‘12: 31
Clients Per Manager: N/A Website: barclays.com/wealth/americas Tel: 800-234-9840 U.S. Private-Client Assets: $15.6 bil
U.S. Branch Offices: 24 Tel: 800-392-5000 or 212.526.2039 e-mail: krende@nb.com 27. WILMINGTON TRUST Minimum Account: $1 mil
Specialties: Customized wealth management; Rank ’12: 25 Median Account: N/A
capital and advisory solutions for entrepre- 19. PNC WEALTH MANAGEMENT 23. ROBERT W. BAIRD U.S. Private-Client Assets: $20.2 bil Wealth Managers: 101
neurs, families, and select institutions. Rank ’12: 13 Rank ’12: 30 Minimum Account: $3 mil Clients Per Manager: 80
Website: pwm.db.com U.S. Private-Client Assets: $47.7 bil U.S. Private-Client Assets: $28.4 bil Median Account: N/A U.S. Branch Offices: 45
Tel: 212-454-3600 Minimum Account: $1 mil Minimum Account: $1 mil Wealth Managers: 93 Specialties: Trust and estate planning, family
i t i t i t t t t t
practice groups, banking services.
Website: key.com/kpb
Tel: 216-689-9169
e-mail: Rick _ J_Weigle@keybank.com
32. FIRST REPUBLIC
Rank ’12: 40
U.S. Private-Client Assets: $14.9 bil
Minimum Account: $0.5 mil
Median Account: $1.2 mil
Wealth Managers: 111
Clients Per Manager: 71
U.S. Branch Offices: 16
Specialties: Equity and fixed-income
management; asset allocation and manager
selection; financial planning; full-service
brokerage, trust, and custody services.
Website: firstrepublic.com/
wealthmanagement
Tel: 310-407-1385
e-mail: ngentin@firstrepublic.com
33. FIFTH THIRD PRIVATE BANK
Rank ’12: 37
U.S. Private-Client Assets: $14.8 bil
Minimum Account: $1 mil
Median Account: N/A
Wealth Managers: 98
Clients Per Manager: N/A
U.S. Branch Offices: 20
Specialties: Wealth planning, investment
management, high-net-worth insurance
services, private banking, trust and estate Clients Per Manager: 50 Minimum Account: N/A U.S. Private-Client Assets: $7.9 bil
settlement services. U.S. Branch Offices: 6 Median Account: N/A Minimum Account: $30 mil
Website: 53.com/privatebank Specialties: Global investment manage- Wealth Managers: 740 Median Account: N/A
Tel: 866-488-0017 ment, strategic wealth planning and advi- Clients Per Manager: 177 Wealth Managers: Approximately 20
e-mail: PrivateBankAdvisors.Bancorp@53.com sory services, trust and estate advisement U.S. Branch Offices: 100 Clients Per Manager: 15-20
and administration, generational planning, Specialties: Wealth planning, investment U.S. Branch Offices: 5
34. BB&T tax-advisory services. management, financial and estate planning, Specialties: Global wealth management;
Rank ’12: 34 Website: fiduciarytrust.com retirement-income planning, risk management. long-term, internally managed equity and
U.S. Private-Client Assets: $13.9 bil Tel: 877-384-1111 Website: janney.com fixed-income strategies; alternative manager
Minimum Account: $2 mil e-mail: c.lyons@ftci.com Tel: 215-665-4458 selection; technology platform for consolidated
Median Account: $7.4 mil e-mail: request@janney.com portfolio reporting; trust and fiduciary services.
Wealth Managers: 345 36. WILLIAM BLAIR & CO. Website: rockco.com
Clients Per Manager: 75 Rank ’12: 36 38. VERITABLE Tel: 212-549-5100
U.S. Branch Offices: 71 U.S. Private-Client Assets: $12.6 bil Rank ’12: 39 e-mail: rjeffery@rockco.com
Specialties: Financial planning and business- Minimum Account: $3 mil U.S. Private-Client Assets: $11.4 bil
transition planning; customized trust, invest- Median Account: N/A Minimum Account: $20 mil 40. SILVERCREST ASSET MANAGEMENT
ment management, and brokerage portfolios; Wealth Managers: 84 Median Account: $51 mil Rank ’12: N/A
risk-management; life, long-term care, P&C, Clients Per Manager: N/A Wealth Managers: 13 U.S. Private-Client Assets: $6.9 bil
disability, health, tax, estate-planning, and life- U.S. Branch Offices: 2 Clients Per Manager: 15-16 Minimum Account: $5 mil
income strategies; credit; personal banking; Specialties: Research teams, wealth man- U.S. Branch Offices: 2 Median Account: $6.9 mil
and cash-management. agement, multigenerational financial plan- Specialties: Investment policy statements Wealth Managers: 12
Website: bbt.com/bbtdotcom/wealth/ ning and advisory services, planning and and evaluation of objectives and risk tolerance; Clients Per Manager: 36
start.page transactional support for family businesses evaluation, selection, and monitoring of invest- U.S. Branch Offices: 4
Tel: 800-388-3085 and corporate executives. ment managers and product; fixed-income Specialties: Asset and wealth management,
e-mail: WealthSolutions@bbandt.com Website: williamblair.com and cash management; pretax and aftertax customized wealth reporting and risk manage-
Tel: 312-236-1600 performance measurement. ment, estate and wealth planning, family-office
35. FIDUCIARY TRUST CO. INTL e-mail: jbrennan@williamblair.com Website: veritablelp.com services, tax planning.
Rank ’12: 35 or rkiphart@williamblair.com Tel: 610-540-2036 Website: silvercrestgroup.com
U.S. Private-Client Assets: $12.7 bil e-mail: jscuteri@veritablelp.com Tel: 215-649-0727
Minimum Account: $5 mil 37. JANNEY MONTGOMERY SCOTT e-mail: Rhough@silvercrestgroup.com
Median Account: $12.6 mil Rank ’12: N/A 39. ROCKEFELLER & CO.
Wealth Managers: 30 U.S. Private-Client Assets: $12.3 bil Rank ’12: 20 Source: Barron’s survey