business
Morgan Stanley CEO floats bold $10T wealth opportunity
Key takeaways
- The Morgan Stanley CEO has raised the bar for the firm's wealth management business, arguing it can grow to $10 trillion in assets on its own.
- Financials Conference that wealth management can reach $10 trillion in assets on its own, AdvisorHub reported.
- That goal was originally set about five years ago by his predecessor, James Gorman, who expected both wealth and investment management to share the load.
Morgan Stanley CEO floats bold $10T wealth opportunity Damilola Esebame Sat, June 13, 2026 at 8:03 PM GMT+7 5 min read MS When a business unit already oversees more than $7 trillion in client assets, most CEOs would focus on defending that position.
Not Ted Pick. The Morgan Stanley CEO has raised the bar for the firm's wealth management business, arguing it can grow to $10 trillion in assets on its own.
Ted Pick told attendees at the firm’s annual U.S. Financials Conference that wealth management can reach $10 trillion in assets on its own, AdvisorHub reported.
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