Morgan Stanley is going after a $500 billion opportunity (MS)

pulse

June 15, 2017 12:36 PM

Morgan Stanley financial advisers, on average, brought in over $1 million in revenues in the first quarter of 2017.We

A receptionist sits at a Morgan Stanley office which was visited by Chinese investigators in Shanghai, September 4, 2014. Picture taken September 4, 2014.

Morgan Stanley financial advisers, on average, are set to bring in over $1 million in revenues each in 2017.

That's a nearly 67% increase from the average revenues per financial advisers in 2010. But recent growth is not enough for the bank. It is setting its sights even higher, and has targeted a half a trillion dollar opportunity.

In a presentation to investors on Tuesday June 13, Naureen Hassan, the bank's chief digital officer for wealth management, outlined how new digital offerings will draw clients from one of its key businesses to its wealth management business.

Morgan Stanley is one of the largest administrators of company stock plans. In fact, the bank

Matt Turner contributed reporting.

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