Fee-based assets reach record level at Morgan Stanley WM

20 October 2016 | 2 minutes read

Morgan Stanley’s wealth management division posted a bank record US$855 billion (+4% QoQ, +11% YoY) in fee-based assets amidst a broader uptick in client assets, according the bank’s Q3 earnings report. The total is a record in both absolute terms and as a percentage of overall client assets, said Morgan Stanley CFO Jonathan Pruzan in an earnings call, who pointed…

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