Wealth and Asset Management
Morgan Stanley's wealth management revenue up, adviser headcount down
Morgan Stanley reported third-quarter results Tuesday, noting wealth management revenue of $4.4 billion compared with $4.2 billion a year earlier. The wealth management group had a pretax margin of 27.1% compared with 26.5% in last year's third quarter. Adviser headcount was 15,655 at the end of the quarter, down 1%…
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