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Who are the 5 largest retail banks in the US for wealth management / financial advisory line of business? Please provide the following Key Performance Indicators (KPIs): Total AuM of wealth management division, Revenue margin (revenue divided by yearly average CAL, for wealth management / investment departement, in basis points and %), Revenue per RM (in millions $), Cost to income ratio (%), Total FTEs per $1 billion in AuM (assets under management - not all assets of the bank but only of wealth management / financial advisory line of business). Please note that the request is for the wealth management line of business in banks, and not overall figures of banks.
Hello! Thanks for your question about the 5 largest retail banks for wealth management. The sources I found most useful for answering your question are Barron's Top 40 Wealth Management Firms and the annual reports of the top 5 retail banks. I have entered the required information into the attached spreadsheet. Below you will find further details.
SPREADSHEET DATA
Please note that I'm not a financial expert or an accountant. Therefore, the data used for the spreadsheet is taken exactly as given in the annual report for each retail bank - I have endeavoured to understand the information from the bank's annual report where it is not clear how it relates to the information requested. I have used formulae to calculate the figures required as stated in your question.
I have defined the terms used in your request to the best of my knowledge using online glossaries: CAL = Client Assets and Liabilities; FTE = Full Time Employees; RM = Relationship Manager.
METHODOLOGY
I have used Barron's pre-compiled list of the top 40 wealth management firms for 2016 to define the "top 5" retail banks. I have then searched through this to find only retail banks until I completed my top 5. These are defined by AuM.
CONCLUSION
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