Morgan Stanley
Private Wealth Management. Everything below is from the bank's own pages, its regulators or the league table publishers, numbered to the Sources page.
The facts
- Morgan Stanley states that the annual account fee for an Individual Active Assets Account is $150 where all eDelivery applies (page read 2 November 2026).265
- Morgan Stanley states that the standard annual account fee for an Individual Active Assets Account is $200 (page read 2 November 2026).266
- Morgan Stanley states that to qualify for Reserved fee waivers a client's household must have and maintain a minimum of $2,000,000 in eligible assets and liabilities (page read 2 November 2026).267
- Morgan Stanley states that a client's household can instead qualify for Reserved fee waivers by having paid at least $20,000 in managed fees/commissions (page read 2 November 2026).268
- Morgan Stanley, as a representative of the underwriters alongside JPMorgan Chase, TD Securities (USA) LLC and UBS, shared an underwriting discount of 7% of the offer price with the other underwriters on the ADARx Pharmaceuticals, Inc. IPO in September 2026.41
- Morgan Stanley, as a representative of the underwriters alongside Goldman Sachs, Bank of America, Citigroup and JPMorgan Chase, shared an underwriting discount of 0.667% of the offer price with the other underwriters on the Space Exploration Technologies Corp. IPO in June 2026.42
- Morgan Stanley, financial adviser to Confluent, Inc. on its merger with International Business Machines Corporation, was to receive a fee of $84 million, per the merger proxy filed in January 2026.87
- Morgan Stanley, financial adviser to Union Pacific Corporation on its merger with Norfolk Southern Corporation, was to receive a fee of $52.5 million, per the merger proxy filed in October 2025.88
- LSEG ranked Morgan Stanley third in its table of global announced M&A for full-year 2025.44
- LSEG ranked Morgan Stanley third in its table of global investment banking fees in the Global Investment Banking Review for full-year 2025.45
What it publishes
| Desk | Item | Published | As read |
|---|---|---|---|
| capital markets | fee schedule | No | |
| capital markets | minimum investable assets | No | |
| capital markets | eligibility criteria | No | |
| capital markets | indicative fee range | No | |
| capital markets | retainer terms | No | |
| m and a | fee schedule | No | |
| m and a | minimum investable assets | No | |
| m and a | eligibility criteria | No | |
| m and a | indicative fee range | No | |
| m and a | retainer terms | No | |
| private banking | fee schedule | Partly | Morgan Stanley Wealth Management Schedule of Miscellaneous Account and Service Fees |
| private banking | minimum investable assets | No | |
| private banking | eligibility criteria | Partly | to help families, foundations and individuals manage the multiple facets |
| private banking | indicative fee range | No | |
| private banking | retainer terms | No |
The Secret Banker's view
Morgan Stanley publishes the annual fee on an Active Assets Account, $200, or $150 with eDelivery, which I respect as a firm position on paper. The fee waivers arrive at $2,000,000 of household assets and liabilities, or at $20,000 already paid in managed fees and commissions. That is loyalty measured the honest way. The Private Wealth Management page states no minimum, and the 'at a Glance' sheet lives on individual advisers' pages and did not load when asked. Dealogic ranked Morgan Stanley second in global IPO volume for 2025.
Opinion, based on the facts above. Corrections through the contact page; a credible one gets a sourced fix within a week.
No firm named here has been consulted, and none should feel left out.