Private market shares are growing in importance as investors seek deeper portfolio diversification.
Separately Managed Accounts have doubled assets under management to nearly $2 trillion since 2019.
The evergreen fund has traditionally only been available to institutional investors.
The tool was developed with bondIT, a fintech that uses data science, AI and machine learning.
The plan is acquiring a majority stake in 7IM to accelerate growth organically and through M&A.
The bank plans to continue growing its proprietary wealth channels.
Morgan Stanley is currently OpenAI’s only strategic client in wealth management.
With Personal Advisors, J.P. Morgan Wealth Management offers a full spectrum for clients to plan and invest.
Morgan Stanley completed the acquisition of E*TRADE in 2020.
