Morgan Stanley is experiencing significant departures from its wealth management division as of September 10, 2026.
A high-profile advisory team managing approximately $1.2 billion in client assets recently moved to Merrill Lynch. Another team overseeing $1.4 billion in assets joined UBS.
Industry analysts describe these exits as a potential competitive and wealth-management retention overhang for the firm. While the immediate financial impact may not be material, the trend raises questions regarding the firm's ability to retain top talent in its core wealth management arm.
These developments coincide with the firm hosting its Korea Industrials & Macro Forum.