Morgan Stanley MS Wealth Management1 — Non-compensation expenses

Other segment segments

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Questions, answered.

What is Morgan Stanley's wealth management1 — non-compensation expenses?

Morgan Stanley (MS) reported wealth management1 — non-compensation expenses of $1.48B in Q2 2026.

How has Morgan Stanley's wealth management1 — non-compensation expenses changed year-over-year?

Morgan Stanley's wealth management1 — non-compensation expenses increased by 6.8% year-over-year, from $1.39B to $1.48B.

What is the long-term trend for Morgan Stanley's wealth management1 — non-compensation expenses?

Over 4 years (2021 to 2025), Morgan Stanley's wealth management1 — non-compensation expenses has grown at a 2.4% compound annual growth rate (CAGR), from $4.96B to $5.46B.

What does wealth management1 — non-compensation expenses mean?

This encompasses all operating costs for the Wealth Management segment excluding personnel, such as technology, occupancy, marketing, and professional services. It serves as a measure of the firm's operational efficiency and infrastructure investment. Managing these costs is critical for maintaining profitability in a competitive wealth management landscape.