Morgan Stanley

Investment Banking · Wealth Management · Asset Management · Securities Trading

Morgan Stanley is a global financial services firm serving corporations, governments, financial institutions and individuals. Its Institutional Securities business provides M&A advice, capital raising, sales and trading, market making, financing, prime brokerage and research. Wealth Management offers brokerage, financial planning, banking, lending and workplace financial services, while Investment Management runs public- and private-market strategies.

The firm earns net revenues from advisory and underwriting fees, trading, commissions, asset-management and performance fees, and net interest income from banking and lending. Morgan Stanley reported $70.6 billion in net revenues for 2025, with operations organized into Institutional Securities, Wealth Management and Investment Management.