Advisors’ gross production varied widely by firm in this year’s survey results, with Morgan Stanley advisors reportedly taking the crown by a wide margin. But while advisors across all firms reported increasing their gross payout by 12 percent over the past year, Morgan Stanley advisors said they only saw a 9 percent increase.
Advisors’ assets under management increased by about 10 percent overall, with advisors at Edward Jones and Merrill Lynch reporting the biggest jumps (15 percent each). Yet advisors at the four other firms reported single-digit growth, failing to even break even with the S&P 500’s 13.7 percent total return last year.
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