What is Morgan Stanley's asset management — acquired?

Morgan Stanley (MS) reported asset management — acquired of $0 in Q4 2025.

What is the long-term trend for Morgan Stanley's asset management — acquired?

Over 4 years (2021 to 2025), Morgan Stanley's asset management — acquired has grown at a -100.0% compound annual growth rate (CAGR), from $3.84B to $0.

What does asset management — acquired mean?

Reflects the value of goodwill or intangible assets added to the Investment Management segment balance sheet through new business acquisitions during the reporting period. It tracks the inorganic growth strategy of the segment.

Morgan Stanley MS Asset Management — Acquired

Other segment segments

Institutional Securities

$1M-92.3%

Global Wealth Management Group

$0—

Similar metrics at other companies

EQHInvestment Management — Goodwill

$5.1B0.0%

VOYAInvestment Management Segment — Additions from business combinations

$0—

RITMAsset management — Goodwill

$231.44M+376%

NNIAsset Generation and Management — Goodwill acquired during the period

$0—

JEFAsset Management — Goodwill

$188.63M-38.1%

WDServicing And Asset Management — Goodwill Acquired

$0—

Other financials

Income statement

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Revenue$21.3B+27.1%

Net income$3.2B-9.8%

EPS (diluted)$3.46+62.4%

Balance sheet

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Cash & equivalents$133.53B+47.2%

Total debt$383.16B+13.5%

Total equity$114.29B+7.0%

Total assets$1.68T+23.7%

Cash flow

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Operating cash flow-$7.1B+70.4%

CapEx$754.0M+5.8%

Free cash flow-$7.9B+68.2%

Valuation

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Market cap$359.28B+57.1%

P/E20.2×+4.7×

P/S4.6×+1.1×

Profitability

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Net margin22.8%+0.5pp

FCF margin-54.3%-8.4pp

Returns & leverage

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Return on equity16.4%+2.5pp

Debt / equity3.3×+0.3×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept us-gaap:FinitelivedIntangibleAssetsAcquired1.

The official record: Morgan Stanley’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's asset management — acquired?: Morgan Stanley (MS) reported asset management — acquired of $0 in Q4 2025.
What is the long-term trend for Morgan Stanley's asset management — acquired?: Over 4 years (2021 to 2025), Morgan Stanley's asset management — acquired has grown at a -100.0% compound annual growth rate (CAGR), from $3.84B to $0.
What does asset management — acquired mean?: Reflects the value of goodwill or intangible assets added to the Investment Management segment balance sheet through new business acquisitions during the reporting period. It tracks the inorganic growth strategy of the segment.