Report
Michael Wong
EUR 101.80 For Business Accounts Only

Morgan Stanley looks like it will fire on all cylinders until the next recession.

We don't expect the ongoing challenges to the Department of Labor's fiduciary rule to have much of an impact on the U.S.-based asset managers and wealth management firms we cover, as many of the trends that have affected both industries the past several years--from the growth of low-cost passive investment vehicles (at the expense of actively managed products) to the increased use of fee-based account structures by advisors and broker/dealers--are unlikely to abate in the near to medium term.
Wh...
Underlying
Morgan Stanley

Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the company advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. The company's segments are: Institutional Securities, which provides investment banking, sales and trading, lending and other services; Wealth Management, which provides brokerage and investment advisory services, financial and wealth planning services, stock plan administration services, annuity and insurance products, residential real estate loans and other lending products, banking, and retirement plan services; and Investment Management, which provides investment strategies and products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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