Wall Street wealth units scale historic peaks as Morgan Stanley hits US$10tn

By Kylie Wong , senior data reporter | 16 July 2026 | 4 minutes read

Wall Street’s premier wealth management divisions breached historic asset milestones in 2Q26, capitalising on buoyant market valuations and sustained client inflows to deliver double-digit revenue growth. Morgan Stanley’s total client assets across its wealth and investment management arms exceeded US$10 trillion. J.P. Morgan Asset and Wealth Management (AWM)’s net income grew 33% YoY, while Citi Wealth’s revenue grew 13% YoY,…

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