global leaders and connect with
industry peers.
erik schatzker and stephanie
ruhle are there, joined by greg
fleming.
good afternoon.
erik: good afternoon and thank
you.
great to see you here.
you have a lot of financial
advisors here.
the businesses that you oversee,
wealth management and investment
management have grown as a
percentage of morgan stanley's
revenue and profit, much more so
than at other firms.
that has created a business
model for morgan stanley.
what are the strengths and
weaknesses of that business
model as we look at the future
of rising rates, questions about
economic growth in the developed
world, doubts about inflation?
>> when you look at the
businesses wealth and investment
management, there are huge
strengths.
we are coming out of the crisis.
regulators have not allocated
more capital to those
businesses.