James Gorman, Morgan Stanley's new president and chief executive, has outlined ambitious targets for its global wealth management division, which includes the newly integrated Morgan Stanley Smith Barney.

Speaking at the Morgan Stanley U.S. Financials Conference in New York Tuesday, Gorman presented the firm's global wealth division as tops in the market in number of advisers (18,135), client assets ($1.6 trillion), revenue ($3.1 billion) and number of advisers on the Barron's Top 100 list (31).

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