His pay for 2024 consisted of a $1 million base salary ... January this year. Morgan Stanley credited Saperstein in the proxy statement for a year that saw the wealth management division's ...

Transactional revenue plummeted and total client assets fell, but the wealth management unit still brought in $52.9 billion in net new assets. Morgan Stanley’s wealth management business took a ...

In his first earnings call with analysts, new Morgan Stanley CEO Ted Pick declared his financial advisor bona fides, saying that his family's roots in the wealth management business balanced his ...

Morgan Stanley MS-1.01%decrease; red down pointing triangle plans to cut several hundred jobs in its wealth-management division as new Chief Executive Ted Pick seeks to rein in costs in an area ...

Morgan Stanley now gets more than half of its revenue from more consistent wealth and investment management business. The bank wants to grow to $10 trillion in client assets long-term. Morgan ...

Morgan Stanley continues to be buoyed by its giant wealth management business, reporting Tuesday that it saw record net revenue of $24.4 billion in wealth management last year, a year-over-year ...

Morgan Stanley will reportedly slash several hundred bankers in its wealth management division in a cost-saving measure implemented by the Wall Street firm’s new CEO Ted Pick. The company plans ...