资源描述
Table_MainInfo/2024 05 28 Table_InvestInfo Table_QuoteInfo-12.81%-6.60%-0.40%5.80%12.00%18.21%2023/5 2023/8 2023/11 2024/2 Table_ReportInfo 2024 2024.05.07 2024.04.22 2024.04.14 Table_AuthorInfo:Tel:(010)50949926 Email:S0850515040002:Tel:(021)23219634 Email:S0850516060001:Tel:(021)23185695 Email:Table_Summary ROE 10%40%ROE 10%ROE(APAC)EMEA 1 1997 2 3 E-Trade E-Trade 2000 1 401(k)OXPS 2 Windward Motif 3 TD Ameritrade USAA 2023 5 2001 2003 2005 One-firm 98190 2 1.5 1.1.5 1.1.1 ROE.6 1.1.2.7 1.2.8 2.11 2.1.11 2.1.1.12 2.1.2.14 2.2.15 2.3.19 2.4.20 2.4.1 30.21 2.4.2.22 2.4.3 One-firm.22 YWFUwPtOpMmNpRoNqNrOmN8OdNaQmOnNtRqMiNmMnQfQsQvM8OoOyQuOrNtNuOqNoP 3 1.7 2.7 3 1999-2022 ROE.7 4 1999-2022.7 5.7 6.8 7.10 8.10 9.12 10 2002-2008.13 11 2001-2008.13 12.13 13.13 14 E-Trade2015-2019.14 15 E-Trade.14 16 bps.15 17.15 18 1992-2022.17 19.17 20.18 21.18 22.18 23.18 24.18 25.23 26.23 27.25 28 2022.25 4 1.5 2.6 3.9 4.11 5.14 6.14 7.16 8.19 9.20 10.21 11 UBS.22 12 Top10-.24 13 Top10-.24 BP2F8jfzDCiV7vTeOiNobJKvZxvDHl7CnYBIQwX/6MM4AlMvDEqcfqHyWmXXOLov 5 1.1.1 GoldmanSachs 1869 1 1869-1930 1 1869 1869 19 90 2 1885 Ludwig Dreyfuss 1896 3 20 1906 Sear Roebuck 4 1928 200 1929 1 50 1930-1980 1 2 1956 IPO 3 1980-2007 1 1981 J 1989 7.5 30%2 1990 GS 5 7 3 1983 SEC 415 2008 2008 1976 14 1976(5 6 70 500 1979-1984 5 500 J.Aron&Co 1988 GSAM 80 90 1991 1994 2008 2008 51.7%207.5 50-2010 III 2010-3%3%2 III 1.5%;6%8%2.2.5%0-2.5%3%100%100%-3%Amplify Trading 1.1.1 ROE 2012-2017 300-350 10%2009 16%100-120 40%III 2007 26.2 2015 7 ROE 10%7 1 0%2%4%6%8%10%12%14%16%18%01000020000300004000050000600007000020062007200820092010201120122013201420152016201720182019202020212022 2006-2022 SEC 2-20%-10%0%10%20%30%40%50%60%050001000015000200002500030000200820092010201120122013201420152016201720182019202020212022 2008-2022 SEC 3 1999-2022 ROE 0%5%10%15%20%25%30%051015202530199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022(ROE 1999-2022 4 1999-2022-40%-20%0%20%40%60%80%100%199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022 1999-2022 1.1.2 2006+60%40%5 0%10%20%30%40%50%60%70%80%90%100%2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2006-2022 Phrase 1 2002,:8,:,Phrase 2 2001 40%,2001,Phrase 3 2008,Phrase 4 2022,Marcus Greensky CEO 6 1999-2022 1.2 1925 1938 2001 2008 2009 4 9 3 1925-1949 1925 12 25 1927 3 1938 6 1941 11 1948 11 1949 4 1949-1986 1951 6 1961 10 1970 1981 7 1986 3 1986-2008 1999 1 1999 11 1999 11 2000 3 2001 12(ADR)2003 6-2007 2(Instinet)Instinet Nomura Holdings Inc.2008 2 2008 2008 10 2011 10 Nomura Net&Call 2016 5 10 41%2019 12 Greentech Capital Advisors 2019 11 2020 4 9 CF40 CF40 13 2023 11%5%11%23%1%45%2010 10 7 2008-2023 90 109(APAC)EMEA 30 8 2018 11 2.2.1 1935-20 1960 1970 1980 1997 21 IPO 2008 Solium Capital Inc.E*TRADE 4 1935-1959 1935 9 1938 1 1941(NYSE)1942 1947 1953 3 1959-1979 1967(Morgan Guaranty Trust Co.)Morgan&Cie.International 1969 Brooks,Harvey&Co.1977 1970 1972 1977 1977 20 70 1979-2006 1984 TAPS 1986 1988(MSCI)1994 1997 1997 2005-2006 2005 92 IPO 2006-2008 2008(TARP)2008 MUFG 90 21%90 1.1 2009 Quilter 12 2008 2012(ESG)2013 2013 35%2019 Solium Capital Inc.(SaaS)Morgan Stanley at Work 2020 E*TRADE 130 E*TRADE 2021(Eaton Vance)Calvert Parametric 2.1.1 1935 9 1997年收 购迪恩 维特（主要面 向零售客 户提供 全国性信 贷和 投 资产 品）2009-2013 年收 购花 旗 美邦（Smith Barney）（为机构 投资者和 高端 私 人理 财市 场提供 投资咨询 服务）2020 年收购E-trade（全美Top3 互联 网折扣 经纪商）1997 2002 2006 2002 40.7 2008 70.2 9.5%13 10 2002-2008-5%0%5%10%15%20%25%0100020003000400050006000700080002002 2003 2004 2005 2006 2007 2008 2002-2008 11 2001-2008 0%20%40%60%80%100%2001 2002 2003 2004 2005 2006 2007 2008 2001-2008 2009 Smith Barney 51%2013 2009 18000 2008 5460 2009 1.56 34%94 25%40%12 01000200030004000500060002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022 2001-2022 13 0%10%20%30%40%50%60%050001000015000200002500030000200220032004200520062007200820092010201120122013201420152016201720182019202020212022 2002-2022 E-Trade 2020 2 130 E-trade E-Trade 1.0432 2 19 58.74 E-Trade 1982 Top3 2019 E-Trade 28.86 0.45%9.55-9.2%2016-2018 41.7%/21.9%/21.4%106%/11.2%/71.3%2019 E-Trade 723 2018 30.4 517 191 15 6415 2018 26%E-Trade 14 14 E-Trade2015-2019 05001000150020002500300035002015 2016 2017 2018 2019 E-Trade 2015-2019 15 E-Trade 01002003004005006007002017 2018 2019 E-Trade 2017-2019 2.1.2 Putting Clients First 5 2020 6 2020 15 2022 24.31%32.90%55%16 bps 0204060801001202018 2019 2020 2021 2022 2018-2022 17 0%10%20%30%40%50%60%70%80%90%100%2017 2018 2019 2020 2021 2022 2017-2022 2.2 1971 1975 SEC 1979“”80 90 16 7 1973-1986 1973 1975 1979 BETA 1983 5500 Schwab One Mutual Fund MarketPlace SchwabQuotes The Equalizer 1985 8 100 120 76 1987-1994 1987 Chuck Schwab 2.8 9 10 1990 1990 Schwab Funds 1991 Schwab 1000 Fund 1992 IRA IRA OneSource 1995-2000 1995 ShareLink 401(k)Hampton Company 1996 eSchwab 1998 200 2000 CyBerCorp 2001-2007 2000 1999 2001 CyBerCorp Cyber Trader 2002 Schwab Equity Ratings Schwab Private Client Schwab Advisor Network 2003 2005 Schwab Equity Ratings 2006 5 2007 The 401(k)Company 2008 2008 Alpha ETF 2009 2009 Real Life Retirement ETF 2013 ETF Schwab ETF OneSource ETF 2015 ETF 200 2015 ETF 2019 ETF 4.95 0.4 2020 TD Ameritrade“+”2022 7.05 3380 2001 2020 17 18 1992-2022 0%10%20%30%40%50%60%70%80%90%100%1992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022 1992-2022 AUM 1992 OneSource 1981 30 1992 200 1995“”Advisor Source RIAs RIAs 19 RIAs RIAs 1 2000 2007 401(k)2011 OXPS 2 2010 Windward 2020 Motif 3 2020 TD Ameritrade USAA 18 20 TD Ameritrade 2019 11 25 260 TD Ameritrade 2019 58.38 2015-2019 16.67%33%29%25%10%2019 1197 1.33 21 010002000300040005000600070002011 2012 2013 2014 2015 2016 2017 2018 2019 2011-2019 22 0200040006000800010000120001400002004006008001000120014002011 2012 2013 2014 2015 2016 2017 2018 2019 2011-2019 2019 4.04 2020 6.7 65.7%2019 1233 2020 2963 2020-2022 117/185/208 30/53/66 23 2000-2022 24 2010-2022 19 2.3 Deutsche Bank 150 1870 1873 1880 1914 1959 1986 Banca d America e d Italia 1989 Morgan Grenfell Group 2001 2002 Scudder Investments 2003 Rued Blass&Cie 2006 United Financial Group 20 80 8 1870-1918 1870 1871-1872 1876 1883 1888 1898 1919-1957 1920 1926-1927-1928 1939-1940 1945 1952-1957-1988 1958 1959 1976-1979 1986-1988 Banca d America e d Italia 12 1989 1989(Morgan Grenfell Group)2001 2002 21 Scudder Investments 2003 Rued Blass&Cie 2006 United Financial Group 2023 350 Numis Corp.4.1 5.12 20 70 1991 90 20 1998 101 8 8200 9 德意志银行 信孚银行 合并后 市值（1998 年 10 月 19 日）514.37 亿马克 49.41 亿美元 364.68 亿美元 97 年 营业收入 234.75 亿马克 62.5 亿美元 206.39 亿美元 97 年 税前利润 20.42 亿马克 12.93 亿美元 25.45 亿美元 员工数（人）76141 15228 超 80000 2.4 UBS Group AG 160 UBS 1862 1872 300 1998 1998 LTCM 7.93 2001 2003 2005 21 10 1862-1960 1862 500 1863 150 1872 1897 1897 1912 1919 1928 1893 1938 1863 1945 1961-1997 1975 1995 13.9 1946 S.G.Warburg Group 1997 1832 Dillon,Read&Co.Dillon Read S.G.Warburg 1997 7 30 1998-2007 1998(SBV)(SBG)1998 4 27/28 1999 GAM 10 2000 120(PaineWebber)2008 2008 858 197 2000 10 16 60 9%600 160 2.4.1 30 2023 3“”3 15 30%3 19 30 6 12 1.6“”5 1856 167 30 1 2022 73 2021 16.5 2007 1.36 2022 5314 2 2023 3 14 2022 2021“”“2022 3 22 2.4.2 UBS 1862 300 UBS SBC 1998 1998 LTCM 7.93 2001 2003 2005 11 UBS 2000 PaineWebber 2003 Lloyds 2004 Laing&Cruickshank Goodman Harris 2005 UBS 2003 handbook 2.4.3 One-firm One-firm 1 2 3 4 1 CSO 2 IPS IPS 3 CIO 23 25 UBS 2018 GWM Investor Update 20 2004-2020 2.1 3.9 3.4%ADV Ratings 1H2020 AUM 2020 3.0 73%3Q23 ADV Ratings 10 AUM 45 9.1 7.6 4.2 3 26 1.5 1.9 2.1 2.3 1.5 1.5 1.5 1.5 1.6 1.8 2.0 2.0 2.1 2.4 2.3 2.6 3.0 3.3 2.8 0.6 0.8 0.9 0.9 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.6 0.8 0.8 0.9 1.1 1.2 1.1 0.00.51.01.52.02.53.03.54.04.52004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 UBS 24 12 Top10-/AUM 1 BlackRock/9.1 2 Vanguard/7.6 3 Fidelity/4.2 4 UBS/4.0 5 State Street/3.6 6 MS WM/3.1 7 JPM/3.0 8(Goldman Sachs)/2.7 9 Credit Agricole/2.6 10(Allianz)/3.0 ADV Ratings 3Q23+AUM 13 Top10-AUM 1 UBS Global WM 2.6 2 Edward Jones 1.3 3 CS 1.3 4 MS WM 1.2 5 BoA GWIM 1.2 6 JPM Private Bank 0.7 7 GS WM 0.6 8 Charles Schwab 0.5 9 CITI Private Bank 0.5 10 BNP Paribas WM 0.4 ADV Ratings 1H20 AUM 2000-2003 1%5.4%2003 39 54%2005 UBS Warburg UBS PaineWebber UBS Private Banking UBS Global Asset Management UBS UBS Wealth Management UBS Global Asset Management UBS Investment Bank 2008 2011 2022 38%54%49%25 27 50271439465256-167-343-6127-63 21-11910 13 15825 261949%41%30%54%45%40%39%37%65%34%24%24%25%14%30%28%20%0%10%20%30%40%50%60%70%-400-350-300-250-200-150-100-500501002000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022%UBS 2000-2022 28 2022 38%54%49%23%12%18%38%25%19%2%8%14%0%10%20%30%40%50%60%70%80%90%100%Global Wealth Management Personal&Corporate BankingInvestment BankingAsset Management UBS2022 26 Table_Analysts Table_Reports,1.6 6 2.A 500 10%-10%10%-10%6 10%-10%10%-10%
展开阅读全文