Morgan Stanley CEO James Gorman says upgrading the digital capabilities of the firm's wealth management unit is a top objective, including efforts to offer clients who want "a full digital relationship."

Gorman detailed the plans to analysts during an earnings call, in which he also touted Morgan Stanley Wealth Management's record quarter. The wirehouse reported on Tuesday that net revenues hit a record $3.99 billion, up 6% from the year-ago period.

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