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CLAIM #44016 · Morgan Stanley (MS) · 2024Q3 earnings call · Oct 16, 2024 · due Oct 16, 2025

So, I think that it has momentum, and as you know, those are the durable revenue streams that we expect to gain over time.

Sharon Yeshaya · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
So, I think that it has momentum, and as you know, those are the durable revenue streams that we expect to gain over time.
Reported
Both net new assets of $356 billion and fee-based flows of $160 billion for the full year demonstrate industry-leading growth.

In context

really only in equities. That's where you saw most of those fee-based advice coming in. Now, that has changed. Over time, we began to talk about fixed income. Remember that had to do some of -- we would talk about fee degradation. We'd say it's not fee degradation, but it's mix and it was mixed into fixed income. Now we're seeing that mix also into alternatives. So that's what's interesting is that there are more products also being offered under the fee-based wrapper that people can begin to think about. And as those products increase, and we have more products than others, we have more tools, more opportunities to people -- for people to invest, we'll see more assets come in, there's more value to advice and there are more places to put it in when you think about the fee-based offering. So, I think that it has momentum, and as you know, those are the durable revenue streams that we expect to gain over time. Saul Martinez: Okay. That's helpful. Thanks a lot. Sharon Yeshaya: Thank you. Operator: There are no further questions at this time. Ladies and gentlemen, this concludes today's conference call. Thank you, everyone, for participating. You may now disconnect, and have a great day.

Verify independently

SEC filings for MS · Claim quote is verbatim from the 2024Q3 earnings call.