RJ and Makay

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TD Ameritrade continued in its fiscal second quarter to bring “breakaway” brokers into the company at the double-digit pace set in 2011, the company said today. 104 breakaways formed registered investment advisories and signed up with TD during the second quarter, an increase of 10% from Q2 2011.  Net new assets for the quarter reached $10.8 billion, an annualized growth rate of 11%.  Fiscal year to date, 204 advisors have come on board.

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Here is a breakdown of second-quarter 2011 wirehouse data for Bank of America Merrill Lynch, Morgan Stanley Smith Barney, Wells Fargo Advisors and UBS Wealth Management, Americas as published by Investment News on August 2, 2011.  Bank of America Merrill Lynch showed the highest advisor headcount growth, and all except for UBS Wealth Management, Americas saw year over year increases in client assets, with Morgan Stanley leading the way at 13.9%.

U.S. advisors are using options markets more frequently, and those with larger assets under management (AUM) are significantly more likely to utilize these markets than peers with smaller assets under management, according to an industry report.

Of advisors with $500 million or more AUM, 94% bought or sold equity options in the past year, according to Bellomy Research Inc.’s survey of more than 600 U.S. advisors for the Options Industry Council (OIC) report “Financial Advisor Benchmark Study.” The survey also found that: