Morgan Stanley Wealth Management's profits climbed 11% in the second quarter, rising to $471 million from $426 million a year ago. Client assets topped $2 trillion for the first time.

The firm's net income surged 64% year-over-year to $1.9 billion for the second quarter, up from $1.2 billion for the year prior. The growth was driven in part by strong showings in wealth management and institutional securities.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access