Morgan Stanley
no content left of this line no content right of this line accelerates business mix towards balance sheet light and more durable sources of revenue place content below this line wealth management wealth management place content below this line the transformation continues acquisition and integration of smith barney acquisition of enhancement of technology offering and meaningfully improved margins acquisition of trade transform direct and workplace offering tax margin morgan tax profit by segment pro pro combined wealth and investment management institutional securities no content right of this line source and footnotes guideline no content left of this line | Morgan Stanley
Company
Deck date
February 2020
Slide
5 of 23
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