Morgan Stanley’s wealth unit fell short of its target for pretax profit margin in the fourth quarter, but the goal is still achievable and the company has a plan to hit its target, said Jed Finn, head of wealth management at Morgan Stanley.
“We can add significantly more clients and assets without having to add significantly more to the infrastructure,” said Finn, who spoke at the BofA Securities Financial Services Conference on Thursday.
Morgan…
Source: barrons.com
