The inflow of net new assets at Morgan Stanley was about the same as the figure for a year earlier.

On Friday, Morgan Stanley reported that its first-quarter 2025 net revenues in its wealth management arm rose to $7.327 billion from $6.88 billion a year earlier. 

Also within wealth management, the firm said transactional revenues dropped to $873 million from $1.033 billion; net interest revenues inched up to $1.902 billion from $1.856 billion; asset management revenues rose to $4.396 billion from $3.829 billion, Morgan Stanley said in a statement. 

Total costs rose to $5.332 billion from $5.082 billion.

Total client assets of $7.7 trillion across wealth and investment management were supported by net new assets in wealth management of $94 billion, little changed frm a year earlier. Fee-based client assets in wealth management stood at $2.349 trillion, up from $2.124 trillion, it said.

At the group level, Morgan Stanley reported a rise in net revenues in Q1 2025 of $17.7 billion, from $15.1 billion a year ago. At the end of March, the firm had a Common Equity Tier 1 ratio on a standardized basis of 15.3 per cent.