For one, investment banking has become less important for Morgan Stanley’s bottom line since the financial crisis as wealth management has become a larger part of the pie. 一个原因，自从经济危机来，投资银行想对财富管理业务已不那么重要In 2019, wealth and investment management made up 51% of the firm’s pretax profit compared with 26% in 2010. 财富管理比重占息税前利润高于投资银行，数字…Morningstar director of equity research, Michael Wong, says the deal furthers Morgan Stanley’s strategy of the last decade, “increasing its proportion of steady and capital light earnings business.某个机构的研究表明，这笔交易推进了摩根未来十年的战略，增加了其稳定的轻资本的比重