MS · News · 20261031N

Wealth Management Growth

MORGAN STANLEY · 2026-10-31 · Importance 15 · Surprise 12

Morgan Stanley executive Ellen Zentner highlighted the growing financial influence of women as a potential opportunity for firms that adapt their advisory relationships. Cerulli Associates projects $124 trillion in U.S. wealth transfers through 2048, including $54 trillion passing between spouses, more than 95% of it to women. The article says firms could better serve this market by engaging spouses earlier and incorporating longevity and lifetime-income planning into advice.

Key facts

• Maurice Voce’s family alleged that Morgan Stanley continued unsuitable trading strategies despite concerns about his cognitive decline. source
• A California appeals court revived a financial elder abuse claim and parts of a breach-of-fiduciary-duty case against Morgan Stanley and adviser John Privitelli. source
• The appeals court ruled that account gains alone do not defeat an elder abuse claim and that the statute of limitations does not restrict damages to a narrow period. source
• Morgan Stanley’s stock climbed after the firm won a key role in the Anthropic IPO. source
• Morgan Stanley shares advanced 2.68% week-over-week to close at $184.30. source