Morgan Stanley Sees Big Opportunity In Wealth Management

Morgan Stanley (NYSE:MS)’s top executive exuded confidence for its wealth management unit at the recent Credit Suisse Group AG (NYSE:CS) 2014 Financial Conference.

Gregory J. Fleming, President of Morgan Stanley Wealth Management and Morgan Stanley Investment Management struck a confident note on the growth potential for Morgan Stanley (NYSE:MS) in the wealth management space.

Substantial AUM growth projected

During his presentation at the Credit Suisse 2014 Financial Conference, Gregory J. Fleming anticipates AUM to grow to about $500 billion by the end of 2016 from $373 billion clocked at the end of 2013. Exuding confidence, he terms the target is ‘very achievable’.

The following...