Wall Street Wirehouses Continue to Dominate SMA Market -

August 30, 2010

Wall Street wirehouse bulge-bracket firms continue to top the list of sponsors of separately managed accounts for the second quarter of this year, according to a research report just issued by the Money Management Institute and Dover Financial Research.The report, whose findings were called preliminary, listed the top five sponsors of separately managed accounts as Morgan Stanley Smith Barney, BoA Merrill Lynch, Wells Fargo, UBS Financial and Charles Schwab, respectively based on the value…

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