Morgan Stanley Sees Wealth-Management Boom -- WSJ

Dow Jones2026/10/14 11:51

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By Jasmine Li

Morgan Stanley's wealth management business posted record-high revenue of $9.07 billion in the third quarter, thanks to IPOs and advisory fees.

-- Net new assets were $232 billion, with just over half associated with IPO-related flows, the bank said.

-- Fee-based flows were $80 billion. The bank cited strength in its advisor-led channel and a new corporate retirement mandate.

-- Total client assets across wealth and investment management grew to $10.5 trillion.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

October 14, 2026 07:51 ET (11:51 GMT)

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