Morgan Stanley's Gorman Says Eaton Vance Deal a 'No-Brainer'

The transcript outlines Morgan Stanley's strategic vision for 2030, focusing on transforming into a stable, fee-based institution with strong liquidity. The company has reshaped its portfolio by selling non-core businesses and acquiring key assets like Eaton Vance to enhance its wealth and asset management capabilities. The discussion highlights the importance of strategic acquisitions and the financial rationale behind the Eaton Vance deal, emphasizing its long-term benefits and alignment with Morgan Stanley's goals.

What does the speaker mean by 'originate, manage, and distribute capital'?

What are the expected outcomes of the recent acquisition mentioned in the text?