Morgan Stanley Execs Tout Client Trust amid Rocky Markets

Morgan Stanley clocked its third consecutive quarter of declining wealth-management assets in the quarter ending September 30, but executives focused on net new flows to the advisor unit as a symbol of the company’s massive growth potential. Parametric is a Seattle-based quantitative shop that belonged to Eaton Vance (acquired by Morgan Stanley in 2021) and provides tax-overlay and direct indexing services, among other strategies. In the current environment, tax-loss harvesting is the top concern among advisors, according to data from FUSE Research.

For the complete article, click here (subscription required).

Article published on October 17, 2022