Although UBS remains the leading provider, with an 8.75% increase in AUM in US dollar terms to $1,319 billion, two other firms have broken the $1 trillion mark Citigroup Global Wealth Management reports a total AUM of $1,310 billion, and Merrill Lynch with $1,100 billion.
Overall, American firms dominate the rankings. Morgan Stanley in particular raced up the list for banks targeting clients with $1 million, becoming the number-two institution in...
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