Barron's has a new list of top wealth managers. The 2009 ranking looks very different compared with last year's list, partly due to crisis-driven mergers and panicked clients' yanking money from accounts.
Don't see your firm on the list? It could be because Barron's, a sister publication to The Wall Street Journal, publisher of FINS.com, upped its definition of wealth management to cover services for accounts of $5 million or more, from $1 million or more last year. The thinking is that the business is increasingly courting the world's very wealthiest.
Below is Barron's 2009 ranking. (Compare the 2008 ranking here.)
1.Bank of America Global Wealth & Investment Management
2.Morgan Stanley Smith Barney
3.Wells Fargo & Co.
6.UBS Wealth Management
7.BNY Mellon Wealth Management
11.Credit Suisse Private Banking USA
12.RBC Wealth Management
14.Deutsche Bank Private Wealth Management
16.Raymond James Financial
17.HSBC Private Bank
18.The Private Client Reserve at U.S. Bank
19.Harris Private Bank
20.Hirtle, Callaghan & Co.
21.PNC Wealth Management
22.Citi Private Bank
25.City National Bank
26.Brown Brothers Harriman Private Wealth Management
27.Atlantic Trust Private Wealth Management
29.Fiduciary Trust Company International
30.William Blair & Co.
32.Boston Private Wealth Management
33.Robert W. Baird
34.Thomas Weisel Partners
37.Legg Mason Investment Counsel
38.T. Rowe Price
For tips, questions and comments, contact us here.
To get the latest news on opportunities, layoffs and major events in the finance career space, follow FINSider on Twitter.