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Morgan Stanley Is A Massive Global Financial Services Firm, With Offices In 42 Countries And More Than 82,000 Employees As Of Year-End 2025. While The Firm'S History Is Deeply Rooted In Investment Banking And Institutional Trading, Where It Maintains A Strong Presence Today, Morgan Stanley Now Generates The Lion Share Of Its Income From Wealth And Asset Management Franchises, Across Which It Boasted $9.3 Trillion In Client Assets At The End Of 2025. After Reincorporation As A Bank Holding Company In The Wake Of The Global Financial Crisis, Morgan Stanley Also Boasts A Top 10 Banking Franchise By Deposits, With More Than $400 Billion In Customer Deposits, Predominately Attributable To Cash Sweeps From Its Wealth Management And Brokerage Businesses.