What does James mean by saying that Morgan Stanley is not trying to be 'all things to everybody'?
Morgan Stanley's Gorman on $7 Billion Eaton Vance Deal
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The transcript discusses Morgan Stanley's strategic vision for 2030, focusing on reshaping its portfolio by enhancing wealth and asset management. The acquisition of Eaton Vance is highlighted as a key move to strengthen its asset management capabilities. The discussion also covers global competition, emphasizing a focus on core markets rather than expansion into every region. Economic concerns, particularly the impact of COVID-19, are addressed, with a call for continued fiscal support to aid recovery.
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How does the acquisition of Eaton Vance fit into Morgan Stanley's overall strategy?
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In what ways does Morgan Stanley intend to support small businesses during economic recovery?
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