Morgan Stanley Wealth Unit Hauls In Record Net New Assets

Morgan Stanley Wealth Unit Hauls In Record Net New Assets
Andrew Welsch
·2 min read

The company, which completed key acquisitions last year, said client assets hit a record of $4.2 trillion, up 6% from the prior quarter and 77% from the same period a year ago. Speaking on an earnings call on Friday, Gorman pointed to key growth factors at Morgan Stanley: the acquisitions of E*Trade Financial and Solium Capital, a more aggressive recruiting posture, and a “compelling platform of ideas” in the form of the company’s chief investment office and proprietary research. “You’re just operating at a different level,” Gorman said.

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