Morgan Stanley forecasts global assets under management could approach US$250 trillion by 2030, with artificial intelligence (AI), tokenisation and evolving market infrastructure emerging as key drivers of industry growth.
Morgan Stanley expects the asset and wealth management industry to continue expanding through the end of the decade, though revenue growth is likely to lag the increase in assets under management (AUM) as fee pressure persists and much of the industry's expansion is driven by market performance rather than fresh client inflows. AI is expected to become a critical differentiator Speaking on the firm's Thoughts on the Market podcast, Betsy Graseck, global head of banks and diversified finance