Supported by a strong showing from the bank’s wealth management unit, Morgan Stanley’s earnings grew 30% to $1.5 billion in the first quarter of 2014.

Profits for Morgan Stanley Wealth Management increased 12.5% during the quarter, rising to $423 million from $376 million for the same period a year earlier.  The strong performance was attributed to increased advisor productivity, growth in fee-based assets and continued improvements in the firm’s private banking business. 

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