Morgan Stanley’s Investment Management division reported assets under manage of $1.66 trillion as of Dec. 31, up 14% year over year from $1.46 trillion.
MSIM reported long-term net inflows of $18 billion for full-year 2024, including $4.3 billion of inflows during the fourth quarter of the year.
It’s a stark reversal from the $15.2 billion in long-term net outflows seen in 2023.
“Total client assets grew to $7.9 trillion across Wealth and Investment Management supported by markets and healthy net new assets,” said Ted Pick, chairman and CEO, in the firm’s Jan. 16 earnings release.
For the fourth quarter, MSIM reported that fixed income accounted for $8 billion of long-term inflows followed by alternatives and solutions at $3 billion while equities saw $6.7 billion in outflows.
Liquidity and overlay services accounted for $66.8 billion of net inflows for the fourth quarter for a total of $71.1 billion in total net inflows for the fourth quarter of 2024.
MSIM reported net revenues of $5.9 billion for 2024 “driven by asset management revenues on higher average AUM,” according to the release. That’s up from $5.4 billion a year earlier.
