Has Morgan Stanley announced any specific M&A deals?

No, the bank has not announced specific deals but indicated acquisitions would be selective, focusing on advisors and private markets.

Who are Morgan Stanley's competitors in wealth management?

Key competitors include JPMorgan Chase and Goldman Sachs, both also expanding their wealth management businesses.

When did Morgan Stanley acquire E*Trade?

Morgan Stanley acquired E*Trade in 2020 for $13 billion.

Morgan Stanley Keeps M&A Options Open with $10T Wealth Target

Morgan Stanley is keeping M&A options open as part of its strategy to grow wealth assets to $10 trillion, with potential deals focused on advisors, private markets, and alternatives.

June 12, 2026

2 min read

Source: Zacks

Key Numbers

wealth target

$10T

According to Zacks, Morgan Stanley (NYSE: MS) is keeping its M&A options open as part of a strategy to grow its wealth management assets to $10 trillion. Potential deals are expected to focus on recruiting advisors, expanding private markets, and enhancing alternative investments.

Details

The strategy comes as major investment banks race to strengthen wealth management businesses, which provide more stable revenue streams compared to traditional investment banking. Morgan Stanley has not set a timeline for the $10 trillion target but indicated that acquisitions would be selective and complementary to existing operations.

Context

This move intensifies competition with peers like JPMorgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS), which are also expanding wealth management. The sector has seen a wave of consolidation, with Morgan Stanley itself acquiring E*Trade in 2020 for $13 billion.

What It Means for Investors

For investors, this strategy signals Morgan Stanley's focus on long-term growth through wealth management, potentially reducing earnings volatility tied to investment banking. However, details of any potential deals remain undisclosed.

Frequently Asked Questions

Morgan Stanley aims to grow its wealth management assets to $10 trillion.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.