Morgan Stanley's Gorman on $7 Billion Eaton Vance Deal

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.

What does James mean by saying that Morgan Stanley is not trying to be 'all things to everybody'?

How does the acquisition of Eaton Vance fit into Morgan Stanley's overall strategy?

In what ways does Morgan Stanley intend to support small businesses during economic recovery?