FACTBOX-Comparison of top U.S. retail brokerages

NEW YORK, Jan 20 (Reuters) - High merger and recruiting costs cut into fourth quarter profits
for U.S. retail brokerages on Wednesday. Firms have merged their wealth management businesses amid
the financial crisis and are now competing for top-producing financial advisers and client assets.
Here are key figures for three U.S. firms. [nN20129754]

Morgan Stanley Bank of America Wells Fargo

Smith Barney Merrill Lynch

2009 2009 2009

Q4 Q3 Q4 Q3 Q4 Q3
No. of 18,135 18,160 15,006 14,979 14,961 15,143
advisers
Assets under 1.56 trln 1.53 trln 1.27 trln 1.24 trln 1.1 trln 1.1 trln
management
Revenue 3.14 bln 3.03 bln 3.08 bln 3.03 bln 2.88 bln 2.97 bln
Net income 162 mln 188 mln 446 mln 311 mln 131 mln 244 mln
(Reporting by Clare Baldwin and Joseph A. Giannone in New York and Joe Rauch in Charlotte;
editing by Andre Grenon))